RBC Capital analyst Deane Dray raised the firm’s price target on nVent Electric (NVT) to $102 from $85 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company delivered an impressive 8% Q2 operating beat and guidance boost 5% above consensus, the analyst tells investors in a research note. nVent’s datacenter and power utilities demand, along with ahead-of-plan M&A contributions, fueled above-20% total orders growth, RBC added.
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