nVent Electric price target raised to $74 from $65 at Barclays

Barclays raised the firm’s price target on nVent Electric to $74 from $65 and keeps an Overweight rating on the shares post the Q4 report. The guidance of muted price and potentially softer implied second half margins weighed on the shares, the analyst tells investors in a research note. However, the firm says nVent is unlikely to have worse price/margin dynamics than its higher-rated electrical peers.