BofA raised the firm’s price target on Vertiv Holdings to $115 from $100 and keeps a Buy rating on the shares after having hosted CEO Giordanno Albertazzi, CFO David Fallon, and Investor Relations VP Lynne Maxeiner at the BofA Transportation, Airlines, and Industrials Conference. Following the meetings, the firm raised its 2025 adjusted EBITDA estimate to reflect stronger artificial intelligence demand and notes that it applies a multiple at a premium to the peer average on 2024 given above-peers earnings growth.
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