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Bernstein initiates Buy on Forgent Power Solutions despite Wells Fargo Hold

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  • Bernstein initiated coverage of Forgent Power Solutions with a Buy rating.
  • $44.00 was Wells Fargo analyst Stephen Tusa’s price target, versus a $40.35 close.
  • Forgent reported $461.67 million revenue and $53.3 million net profit for the June 30 quarter.
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