Barclays analyst Julian Mitchell lowered the firm’s price target on nVent Electric (NVT) to $65 from $70 and keeps an Overweight rating on the shares. The firm says short cycle industrial stocks “are starting to look more attractive” verses defensives, but adds that demand visibility is “very low.”
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 lowered to $60 from $75 at KeyBanc
- nVent Electric price target lowered to $70 from $75 at Barclays
- nVent Electric price target lowered to $75 from $84 at KeyBanc
- nVent Electric price target lowered to $75 from $83 at Barclays
- nVent Electric upgraded to Buy at Seaport Research on ‘overdone’ AI worries