Evercore ISI analyst Alexander Virgo initiated coverage of nVent Electric (NVT) with an Outperform rating and $160 price target The firm says the company offers “best-in-class” organic growth, pricing power and strong operational execution. This should drive 25% annual earnings growth through 2028, the analyst tells investors in a research note. Evercore believes nVent’s data center and utility outlook are “well underpinned” by its backlog and end market visibility.
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