Vertiv Holdings price target raised to $48 from $45 at JPMorgan

JPMorgan analyst Stephen Tusa raised the firm’s price target on Vertiv Holdings to $48 from $45 and keeps an Overweight rating on the shares. The analyst views the company’s investor day “as a bit better than high expectations.” The firm says an “increasingly credible” management laid out a conservative forecast with upside from potentially better volume as well as conversion.