JPMorgan flags FPS correction as overdone; FY27 outlook
JPMorgan said FPS’s recent correction is overdone, citing its FY27 outlook implying 80%+ organic growth; TD Cowen raised its FPS price target to $76 from $73 and kept a Buy rating, per The Fly.
TD Cowen raised its price target on Forgent Power Solutions Inc. to $76 from $73 and kept a ‘Buy’ rating, according to The Fly. The note highlighted the company’s fiscal 2027 growth outlook and said there is potential for another major data center agreement.