UBS initiated coverage of nVent Electric (NVT) with a Buy rating and $128 price target The firm says the company is positioned to benefit from “outsized” demand trends in data center and power infrastructure. nVent should see annual organic sales growth of 10% through 2027, which is above consensus, the analyst tells investors in a research note. UBS sees the company’s earnings power increasing 55% over the medium term, which should translate to “significant upside in shares.”
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