BofA raised the firm’s price target on Vertiv Holdings (VRT) to $140 from $130 and keeps a Buy rating on the shares. Vertiv is “translating strong market demand into earnings and cash,” says the analyst, whose target multiple is at a premium to the peer average on 2025 estimates as the firm argues a premium is warranted given above-peers earnings growth.
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Read More on VRT:
- Vertiv Holdings price target raised to $134 from $130 at Citi
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- 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
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