nVent Electric initiated with a Buy at Roth Capital

Roth Capital initiated coverage of nVent Electric (NVT) with a Buy rating and $89 price target The firm says nVent is a “top-tier player “in electrical connection and protection with advantages in electrical enclosures, connectors, and liquid cooling. The company offers a “compelling opportunity” given its increased exposure to the data solutions and power utility verticals, the analyst tells investors in a research note. Roth believes has a nVent portfolio of trusted brands and is positioned for margin expansion as acquisitions are integrated.