TD Cowen analyst Lance Vitanza raised the firm’s price target on Vertiv Holdings (VRT) to $115 from $93 and keeps a Buy rating on the shares. The firm said they reported strong 3Q24 results, disappointing 3Q24 order growth, and did not provide order growth guidance. However, they remain encouraged by management noting a record pipeline, with checks indicating equipment demand has accelerated in the last 3 months.
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