Forgent Power Solutions (NYSE:FPS) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Forgent Power Solutions (NYSE:FPS) to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on FPS. Barclays began coverage on Forgent Power Solutions in a report on Monday, March 2nd. They set an “overweight” rating and a $44.00 target price on the stock. Morgan Stanley began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 price target on the stock. TD Cowen assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $45.00 price objective on the stock. Bank of America assumed coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set a “buy” rating and a $48.00 price objective for the company. Finally, Oppenheimer initiated coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “outperform” rating and a $42.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

Forgent Power Solutions Price Performance

Shares of Forgent Power Solutions stock opened at $35.53 on Tuesday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $37.53.

About Forgent Power Solutions

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.