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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Vertiv Holdings price target raised to $140 from $130 at BofA
- Vertiv Holdings price target raised to $134 from $130 at Citi
- Morning Movers: AT&T rises and Coca-Cola falls following quarterly reports
- VRT Earnings: Vertiv Reports Strong Q3 Results & Raises Forecast
- Vertiv Holdings raises FY24 adjusted EPS view to $2.66-$2.70 from $2.47-$2.53