nVent Electric price target raised to $130 from $125 at KeyBanc

KeyBanc raised the firm’s price target on nVent Electric (NVT) to $130 from $125 and keeps an Overweight rating on the shares. Following Q4 earnings, while acknowledging lingering margin pressures and order deceleration quarter-over-quarter, the firm feels underlying momentum remains unchanged and believes near-term margin pressures around capacity investments better positions the company to capitalize on the uniquely compelling Infrastructure opportunities.