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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on VRT:
- VRT Earnings: Vertiv Plummets as Q1 Outlook Falls Short of Estimates
- Vertiv Holdings sees FY24 adjusted EPS $2.20-$2.26, consensus $2.24
- Vertiv Holdings sees Q1 adjusted EPS 32c-36c, consensus 37c
- Vertiv Holdings reports Q4 adjusted EPS 56c, consensus 53c
- Vertiv Holdings Bolsters Financial Position with Enhanced Credit Terms
