nVent Electric price target raised to $92 from $91 at Citi

Citi raised the firm’s price target on nVent Electric to $92 from $91 and keeps a Buy rating on the shares post the Q1 report. The analyst says the company reported upside to sales and earnings despite some still mixed demand trends in portions of its portfolio. This highlights nVent’s favorable market position in markets with favorable long-term underpinnings as well as its disciplined execution, the analyst tells investors in a research note.