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Fly News Breaks for August 6, 2019
NVT
Aug 6, 2019 | 08:30 EDT
As previously reported, Buckingham downgraded nVent Electric to Neutral from Buy as analyst Robert Barry lowered his 2019 and 2020 EPS estimates after last week's Q2 report. The analyst, who also lowered his price target on nVent shares to $23 from $29, now sees only low-single to high-single digit EPS growth in the second half of 2019 and in 2020 and has less confidence there's a growth recovery or a margin improvement story in Thermal, he tells investors.
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