Evercore ISI raised the firm’s price target on Vertiv Holdings (VRT) to $135 from $125 and keeps an Outperform rating on the shares after the company reported an “impressive” September-end quarter. Positively, Vertiv noted they expect revenue growth to accelerate in calendar 2025 from 14% growth in 2024 and operating margins should continue to expand, notes the firm, which thinks this should “comfortably” enable Vertiv to see mid/high teens revenue growth in 2025 and EPS greater than $3.50.
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