nVent Electric price target raised to $138 from $136 at RBC Capital

RBC Capital raised the firm’s price target on nVent Electric (NVT) to $138 from $136 and keeps an Outperform rating on the shares after its Q4 earnings. The datacenter growth story remains fully on track in nVent’s in-line Q4 operating results and 2026 guide, even though investor excitement was a bit dimmed by the softer margins from transitory capacity ramp costs, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-time, market-moving breaking financia ...