nVent Electric price target raised to $191 from $177 at Wolfe Research
Wolfe Research raised the firm's price target on nVent Electric to $191 from $177 and keeps an Outperform rating on the shares. The company has one of the most clearly conservative PES guidance ranges, and so the firm feels confident that there is another clear increase to FY26 guidance. The firm added that it sees sequentially better margin conversion in spite of Blainee startup costs accelerating.
Wolfe Research raised the firm's price target on nVent Electric to $191 from $177 and keeps an Outperform rating on the shares.
The company has one of the most clearly conservative PES guidance ranges, and so the firm feels confident that there is another clear increase to FY26 guidance.
The firm added that it sees sequentially better margin conversion in spite of Blainee startup costs accelerating.