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Fly News Breaks for May 18, 2018
PNR, NVT
May 18, 2018 | 08:13 EDT
Susquehanna analyst Robert Barry initiated nVent Electric (NVT) with a Positive rating following its spinoff from Pentair (PNR). The analyst said his positive thesis reflects its projected earnings growth rate and opportunities for multiple expansion as the firm executes on its financial targets, which he thinks are achievable. Barry has a $30 price target on nVent Electric shares.
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