Vertiv Holdings price target raised to $39 from $32 at Mizuho

Mizuho raised the firm’s price target on Vertiv Holdings to $39 from $32 and keeps a Neutral rating on the shares following the “strong” Q3 report. The company’s’ first half of 2024 seasonality commentary weighed on sentiment and qualitatively points to “muted” growth against tough compares, the analyst tells investors in a research note. The firm is refraining “from chasing stock and await revenue cadence into H1.”