Seaport Research initiated coverage of nVent Electric with a Neutral rating and no price target. Management has transformed the operations, productivity has accelerated and acquisitions have been accretive, but the firm is starting with a Neutral rating on concerns over valuation and a key end-market, the analyst tells investors.
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Read More on NVT:
- nVent Electric price target raised to $60 from $57 at RBC Capital
- nVent Electric price target raised to $69 from $55 at Barclays
- nVent Electric sees Q3 adjusted EPS 72c-74c, consensus 73c
- nVent Electric raises FY23 adjusted EPS view to $2.85-$2.91 from $2.65-$2.73
- nVent Electric reports Q2 adjusted EPS 77c, consensus 68c