TD Cowen analyst Lance Vitanza raised the firm’s price target on Vertiv Holdings to $69 from $60 and keeps an Outperform rating on the shares. The firm said Vertiv ended 2023 on a strong note, with favorable order growth, accelerating book-to-bill, and a hefty beat on AOP margin. 2024 guidance was raised across the board, with room for additional upside in particular should APAC more meaningfully recover.
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