JPMorgan raised the firm’s price target on Vertiv Holdings to $65 from $53 and keeps an Overweight rating on the shares. The analyst increased estimates following the Q4 beat and views the 2024 outlook as conservative. The firm says stronger fee cash flow, even with more normalized down-payment flow, “underpins an emerging capital return story.”
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Read More on VRT:
- VRT Earnings: Vertiv Plummets as Q1 Outlook Falls Short of Estimates
- Vertiv Holdings sees FY24 adjusted EPS $2.20-$2.26, consensus $2.24
- Vertiv Holdings sees Q1 adjusted EPS 32c-36c, consensus 37c
- Vertiv Holdings reports Q4 adjusted EPS 56c, consensus 53c
- Vertiv Holdings Bolsters Financial Position with Enhanced Credit Terms