nVent Electric price target lowered to $65 from $67 at Barclays

Barclays lowered the firm’s price target on nVent Electric to $65 from $67 and keeps an Overweight rating on the shares post the Q3 report. While the re-balance underway in the industrial world is pulling down even “Secular growth” sales, nVent’s valuation is “becoming quite attractive,” the analyst tells investors in a research note.