KeyBanc analyst Jeffrey Hammond raised the firm’s price target on nVent Electric (NVT) to $78 from $72 and keeps an Overweight rating on the shares. Following meetings, the firm walked away particularly impressed by the degree of building momentum across nVent’s portfolio, which is supported by uniquely robust Data Center trends paired with benefits from recent deals and future capital allocation opportunities. KeyBanc feels nVent continues to position its Data Solutions business to win share by introducing new products and pulling-through other product with Liquid-Cooling sales.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVT:
- nVent Electric Holds Annual General Meeting
- 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
- nVent Electric Reports Strong Q1 2025 Results