Mizuho raised the firm’s price target on Vertiv Holdings to $110 from $92 and keeps an Outperform rating on the shares. The firm recalibrated several electrical equipment and multi-industry models for seasonality and trend data ahead of the Q3 earnings season to reflect corporate feedback, portfolio updates, channel checks, and related incoming data. The target increase is largely driven by increased group valuations driving up the entire complex, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Vertiv Holdings price target raised to $130 from $115 at BofA
- Vertiv Holdings price target raised to $125 from $105 at Evercore ISI
- Vertiv Holdings initiated with a Buy at Jefferies
- Vertiv Holdings call volume above normal and directionally bullish
- Vertiv announces ‘major expansion’ of North American manufacturing operations