Barclays analyst Julian Mitchell lowered the firm’s price target on nVent Electric (NVT) to $76 from $86 and keeps an Overweight rating on the shares following Q3 earnings. The firm does not expect price to “crack,” and is confident that management will be disciplined on capital deployment, and will work down stranded costs.
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Read More on NVT:
- Nvent Electric’s $1.7 Billion Sale of Thermal Management Unit: Navigating Risks and Uncertainties
- nVent Electric Reports Strong Q3 2024 Results
- nVent Electric reports Q3 total adjusted EPS 84c, consensus 77c
- nVent Electric sees 2024 adjusted cont-op EPS $2.49-$2.51, consensus $3.26
- nVent Electric sees Q4 adjusted EPS 58c-60c, consensus 80c