Citi analyst Vladimir Bystricky raised the firm’s price target on nVent Electric (NVT) to $152 from $133 and keeps a Buy rating on the shares. The firm adjusted targets in the industrials group as part of a Q1 preview. Citi believes “gradually improving” industrial trends remain intact and should drive solid Q1 earnings for most of the name in the sector.
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Read More on NVT:
- nVent Electric initiated with an Outperform at Evercore ISI
- 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