Vertiv Holdings price target raised to $110 from $102 at Citi

Citi raised the firm’s price target on Vertiv Holdings to $110 from $102 and keeps a Buy rating on the shares. The company posted a strong quarter highlighted by order growth of 60%, the analyst tells investors in a research note. The firm says that while Vertiv is unlikely to report 60% order growth every quarter, Q1 “seems like another confirmation of an unusually strong upcycle that’s just getting started.”