Forgent Power Solutions (NYSE:FPS) Earns Overweight Rating from Analysts at KeyCorp

KeyCorp started coverage on shares of Forgent Power Solutions (NYSE:FPS) in a report released on Monday, Marketbeat reports. The firm issued an overweight rating and a $41.00 target price on the stock.

FPS has been the subject of a number of other research reports. Wall Street Zen upgraded Forgent Power Solutions to a “hold” rating in a research report on Monday, February 16th. Oppenheimer assumed coverage on shares of Forgent Power Solutions in a report on Monday. They set an “outperform” rating and a $42.00 price target for the company. Wolfe Research set a $48.00 price objective on shares of Forgent Power Solutions in a report on Monday. Morgan Stanley assumed coverage on shares of Forgent Power Solutions in a research note on Monday. They set an “equal weight” rating and a $38.00 target price for the company. Finally, TD Cowen started coverage on shares of Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $45.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Forgent Power Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $43.30.

Forgent Power Solutions Stock Up 2.4%

Shares of FPS stock opened at $34.38 on Monday. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week high of $36.68.

Forgent Power Solutions Company Profile

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.