Barclays raised the firm’s price target on nVent Electric (NVT) to $74 from $70 and keeps an Overweight rating on the shares. The firm expects “robust” power generation order growth until 2028-2029 with high gas demand growth and increased estimates in the multi-industry sector.
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Read More on NVT:
- nVent Electric price target raised to $78 from $72 at KeyBanc
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- nVent Electric price target raised to $72 from $60 at KeyBanc
- nVent Electric: Strong Financial Performance and Strategic Acquisitions Drive Buy Rating
- nVent Electric price target raised to $70 from $65 at Barclays