Thermon Group price target raised to $38 from $33 at Roth Capital

Roth Capital analyst Chip Moore raised the firm’s price target on Thermon Group (THR) to $38 from $33 and keeps a Buy rating on the shares after its Q2 earnings beat and guidance raise. The firm continues to favor the company’s strategy and diversification, offering key solutions tied to decarbonization and electrification while serving traditional end markets, the analyst tells investors in a research note.