Forgent Power Solutions (NYSE:FPS) Stock Rating Upgraded by Zacks Research

Forgent Power Solutions (NYSE:FPS) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. KeyCorp assumed coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $41.00 price objective for the company. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $44.00 price target for the company. Morgan Stanley began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “equal weight” rating and a $38.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price target on the stock. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $43.30.

Forgent Power Solutions Stock Down 0.0%

FPS stock opened at $35.53 on Tuesday. Forgent Power Solutions has a twelve month low of $25.95 and a twelve 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.