Vertiv Holdings price target raised to $105 from $95 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the firm’s price target on Vertiv Holdings to $105 from $95 and keeps an Outperform rating on the shares. After having hosted investor meetings with CEO Gio Albertazzi, CFO David Fallon and Global Treasury and IR VP Lynne Maxeiner earlier this week, the firm came away “incrementally more comfortable” on Vertiv’s unique positioning in power and thermal management, in addition to liquid cooling, the analyst tells investors. The firm thinks investors “aren’t focused enough on how” Vertiv is providing an end-to-end solution, compared to “new” entrants that are more around point solutions, the analyst added.