RBC Capital analyst Deane Dray raised the price target on nVent Electric (NYSE: NVT) to $143.00 (from $138.00) while maintaining an Outperform rating.

The analyst commented: "Outperform-rated nVent hosted its March-18 NYC investor day where 2028 targets were set above expectations, driven by continued robust secular growth in liquid cooling/datacenter and power utility. Our take is that nVent is still in the earlier innings of the AI infrastructure upcycle with 11-year industry backlog and references to how there is more demand for liquid cooling systems than there is supply. We also liked seeing nVent factoring in growth/capacity investments into its mid-20% incremental margin assumptions. Other feel-goods were 1Q26 tracking above expectations, an active NPI funnel, and ample balance sheet/FCF optionality for “large bolt-ons”."