KeyBanc analyst Josh Beck upgraded i3 Verticals to Overweight from Sector Weight with a $30 price target. The analyst cites the company’s rising software exposure within "relative defensive" public end markets for the upgrade. Around 70% of i3’s mix is now exposed to more defensive end markets, says Beck, who sees potential for a rising software contribution to help bolster its "story narrative and visibility."
Published first on TheFly
