Forgent Power Solutions (NYSE:FPS) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Forgent Power Solutions (NYSE:FPS) in a research note issued to investors on Monday morning, Marketbeat.com reports. The firm issued an equal weight rating and a $38.00 price objective on the stock.

Other analysts also recently issued reports about the company. KeyCorp began coverage on Forgent Power Solutions in a research report on Monday. They set an “overweight” rating and a $41.00 target price for the company. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. Jefferies Financial Group started coverage on shares of Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $44.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Forgent Power Solutions in a research note on Monday. They set a “buy” rating and a $48.00 price target for the company. Finally, Wolfe Research set a $48.00 price objective on Forgent Power Solutions in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Forgent Power Solutions presently has a consensus rating of “Moderate Buy” and an average target price 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.