Aug. 3 at 1:09 PM
$NVT nVent Electric price target raised to
$195 from
$185 at Roth Capital
Roth Capital raised the firm's price target on nVent Electric to
$195 from
$185 and keeps a Buy rating on the shares. The company delivered a broad-based Q2 beat, with organic growth reaching 47%, and raised 2026 guidance for the second time to 37%-39% sales growth and adjusted EPS of
$5.00-
$5.10, both of which are above consensus, the analyst tells investors in a research note. Q3 guidance exceeded expectations, while low-double-digit organic order growth,
$2.5B of backlog and a strong start to Q3 support continued momentum, the firm added.
