Thermon Group price target raised to $38 from $36 at Roth MKM

Roth MKM analyst Chip Moore raised the firm’s price target on Thermon Group to $38 from $36 and keeps a Buy rating on the shares. The firm remains positive on the company’s exposure to energy transition overall, offering key solutions tied to decarbonization and electrification. Roth MKM adds that Thermon’s focus on digital innovation looks to drive continued value creation, including a growing base of higher-margin annuity-like sales.