Vertiv Holdings initiated with an Overweight at Morgan Stanley

Morgan Stanley initiated coverage of Vertiv Holdings (VRT) with an Overweight rating and $150 price target The firm sees material EPS upside, which stands out compared to broader Industrials “where positive revisions are increasingly difficult to come by,” the analyst tells investors. The firm also sees an “under-appreciated catch-up opportunity” and views conservative margin modeling as a “low risk source of EPS upside,” the analyst added.