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Investment analysts at Avondale Partners assumed coverage on shares of Nortek (NYSE:NTK) in a note issued to investors on Thursday. The firm set a “market outperform” rating and a $114.00 price target on the stock. Avondale Partners’ price target points to a potential upside of 40.81% from the stock’s previous close.

Shares of Nortek (NYSE:NTK) traded up 1.49% during mid-day trading on Thursday, hitting $80.96. The stock had a trading volume of 29,731 shares. Nortek has a 1-year low of $65.95 and a 1-year high of $92.30. The stock has a 50-day moving average of $86.99 and a 200-day moving average of $81.31. The company’s market cap is $1.259 billion.

Nortek (NYSE:NTK) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.38) by $0.17. On average, analysts predict that Nortek will post $2.90 earnings per share for the current fiscal year.

Nortek, Inc and its wholly owned subsidiaries (NYSE:NTK) is engaged in manufacturing of residential and commercial building products.

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