Roth/MKM Starts nVent Electric (NVT) at Buy

Roth/MKM analyst Justin Clare initiates coverage on nVent Electric (NYSE: NVT) with a Buy rating and a price target of $89.00.

The analyst comments "We initiate coverage on nVent Electric plc (NVT) with a Buy rating and $89 price target. NVT is a top-tier player in electrical connection and protection with advantages in electrical enclosures, connectors, and liquid cooling. We believe NVT represents a compelling opportunity as the company (1) meaningfully increased exposure to high-growth data solutions and power utility verticals, (2) has a strong portfolio of trusted brands, and (3) is well-positioned for margin expansion as acquisitions are integrated, inflationary pressures are mitigated, and new capacity investments begin to scale."

For an analyst ratings summary and ratings history on nVent Electric click here. For more ratings news on nVent Electric click here.

Shares of nVent Electric closed at $74.96 yesterday.

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