BofA raised the firm’s price target on Vertiv Holdings to $52 from $45 and keeps a Buy rating on the shares. The firm, which notes that Vertiv will host an investor conference on November 29 and views this to be a positive catalyst for shares, raised its 2025 adjusted EBITDA estimate by 4%, reflecting a stronger AI-related tailwind to revenue growth. The near-term set-up for Vertiv is also positive, the analyst tells investors.
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