Barclays lowered the firm’s price target on nVent Electric (NVT) to $75 from $83 and keeps an Overweight rating on the shares. The firm adjusted targets in the multi-industry group as part of a Q1 preview. It sees revenue and margin pressure alongside lower investor expectations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVT:
- nVent Electric upgraded to Buy at Seaport Research on ‘overdone’ AI worries
- nVent Electric upgraded to Buy from Neutral at Seaport Research
- nVent Electric upgraded to Buy from Neutral at CL King
- nVent Electric Appoints Gary Corona as New CFO
- Strategic Acquisition of EPG Boosts nVent Electric’s Growth Prospects in Power Utilities and Data Center Sectors