Citi raised the firm’s price target on nVent Electric (NVT) to $114 from $104 and keeps a Buy rating on the shares as part of a Q3 earnings preview for the industrials and conglomerates group. The firm expects bifurcation in the reports, with data center demand accelerating while demand trends elsewhere are more mixed.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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 $115 from $100 at Barclays
- nVent announces increased manufacturing capacity in Eleanor, West Virginia
- Vertiv under pressure after Microsoft reveals cooling system for AI chips
- nVent Electric announces new U.S. production facility
- Parker-Hannifin appoints Beth Wozniak to board of directors