RBC Capital Maintains Outperform on nVent Electric, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray has maintained an 'Outperform' rating on nVent Electric (NYSE:NVT) but lowered the price target from $60 to $57.
October 30, 2023 | 6:37 pm
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nVent Electric's price target has been lowered from $60 to $57 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100