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Wells Fargo Initiates Coverage On Forgent Power Solutions with Equal-Weight Rating, Announces Price Target of $44
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Shares of power and electrical-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data fuel expectations that U.S. interest rates will remain higher for longer. Rising financing costs could pressure capital spending on power infrastructure and data center projects, weighing on demand for electrical equipment and related solutions.
JP Morgan Maintains Overweight on Forgent Power Solutions, Lowers Price Target to $49
JP Morgan analyst Chigusa Katoku maintains Forgent Power Solutions (NYSE:FPS) with a Overweight and lowers the price target from $56 to $49.
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