JPMorgan analyst Stephen Tusa raised the firm’s price target on Vertiv Holdings to $48 from $45 and keeps an Overweight rating on the shares. The analyst views the company’s investor day “as a bit better than high expectations.” The firm says an “increasingly credible” management laid out a conservative forecast with upside from potentially better volume as well as conversion.
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Read More on VRT:
- Vertiv Holdings to hold 2023 investor meeting
- Vertiv Holdings raises FY23 adjusted EPS view to $1.72-$1.76 from $1.69-$1.73
- Vertiv Holdings announces $3B share repurchase program
- Vertiv Holdings put volume heavy and directionally bearish
- Vertiv Holdings price target raised to $52 from $45 at BofA
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