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.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVT:
- nVent Electric price target raised to $150 from $141 at Barclays
- nVent Electric price target raised to $135 from $130 at Roth Capital
- nVent Electric price target raised to $143 from $138 at RBC Capital
- nVent Electric targets 10%-13% organic sales growth in 2028
- nVent: Strengthening Data Center-Focused Growth Outlook Supports Buy Rating