Barclays analyst Julian Mitchell lowered the firm’s price target on nVent Electric to $86 from $87 and keeps an Overweight rating on the shares as part of a Q3 preview for the multi-industry group. The firm says 2025 entry rates and trends may matter more than the second half of 2024 updates. The industrial capex outlook looks sluggish, with bottoming residential trends, the analyst tells investors in a research note.
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