KeyBanc raised the firm’s price target on nVent Electric to $84 from $80 and keeps an Overweight rating on the shares ahead of quarterly results. While the firm acknowledges concerns over recent Non-Residential choppiness, it believes nVent has organic and inorganic positive catalysts supporting a positive reaction to Q3 earnings. Organically, KeyBanc sees Enclosures sustaining is strong momentum and sees plenty of support to EFS’s return to growth given easing compares.
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