Barclays Maintains Overweight on nVent Electric, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Overweight rating on nVent Electric (NYSE:NVT) but has lowered the price target from $67 to $65.

October 30, 2023 | 1:49 pm
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on nVent Electric but lowered the price target from $67 to $65.
The news is directly related to nVent Electric. While the Overweight rating is positive, the lowering of the price target might have a neutral impact on the stock as it indicates a slight decrease in expected future value. However, the impact is not necessarily negative as the rating remains Overweight.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100