Citi raised the firm’s price target on Vertiv Holdings (VRT) to $134 from $130 and keeps a Buy rating on the shares post the Q3 report. The firm attributes the post-earnings selloff to investor concern on order growth potentially having peaked and increased competition. However, it believes Vertiv’s continued operational execution and “robust” competitive advantage provide improved earnings visibility for 2025 and beyond.
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- Vertiv Holdings raises FY24 adjusted EPS view to $2.66-$2.70 from $2.47-$2.53
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