RBC Capital Maintains Outperform on nVent Electric, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray has maintained an Outperform rating on nVent Electric (NYSE:NVT) and increased the price target from $57 to $65.
January 04, 2024 | 2:29 pm
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POSITIVE IMPACT
RBC Capital analyst Deane Dray reaffirms an Outperform rating on nVent Electric and raises the price target to $65, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a strong conviction in the future performance of nVent Electric. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment aligns with the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100