nVent Electric is trading 4.15% higher at $145.58 after JPMorgan initiated coverage with an Overweight rating.
- JPMorgan set a $167 December 2027 price target, citing the company’s data-center exposure.
- Reports said shares were higher premarket after the initiation. The gain is also occurring during a broadly positive market session; the initiation was the clearest company-specific catalyst reported for October 21.