BofA raised the firm’s price target on Vertiv Holdings (VRT) to $140 from $130 and keeps a Buy rating on the shares. Vertiv is “translating strong market demand into earnings and cash,” says the analyst, whose target multiple is at a premium to the peer average on 2025 estimates as the firm argues a premium is warranted given above-peers earnings growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $134 from $130 at Citi
- Morning Movers: AT&T rises and Coca-Cola falls following quarterly reports
- VRT Earnings: Vertiv Reports Strong Q3 Results & Raises Forecast
- Vertiv Holdings raises FY24 adjusted EPS view to $2.66-$2.70 from $2.47-$2.53
- Vertiv Holdings reports Q3 adjusted EPS 76c, consensus 69c