Analysts Offer Insights on Industrial Goods Companies: Siemens Energy (OtherSMEGF) and nVent Electric (NVT)
There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Siemens Energy (SMEGF – Research Report) and nVent Electric (NVT – Research Report) with bullish sentiments.
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Siemens Energy (SMEGF)
In a report released today, Ajay Patel from Goldman Sachs maintained a Buy rating on Siemens Energy, with a price target of EUR124.00. The company’s shares closed last Wednesday at $125.00.
Patel has an average return of
According to TipRanks.com, Patel is ranked #274 out of 10123 analysts.
Currently, the analyst consensus on Siemens Energy is a Moderate Buy with an average price target of $120.49, a -4.0% downside from current levels. In a report issued on November 9, Jefferies also upgraded the stock to Buy with a EUR134.00 price target.
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nVent Electric (NVT)
Roth MKM analyst Justin Clare maintained a Buy rating on nVent Electric today. The company’s shares closed last Wednesday at $105.74.
According to TipRanks.com, Clare is a 4-star analyst with an average return of
Currently, the analyst consensus on nVent Electric is a Strong Buy with an average price target of $129.43, a 23.9% upside from current levels. In a report released today, UBS also initiated coverage with a Buy rating on the stock with a $128.00 price target.
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