Vertiv Holdings price target raised to $98 from $96 at Oppenheimer

Oppenheimer raised the firm’s price target on Vertiv Holdings to $98 from $96 and keeps an Outperform rating on the shares. The firm notes shares traded up Wednesday after Vertiv’s Q1 2024 beat-and-raise along with orders growth well above Street expectations. While commentary on Q1 2024 orders pull-forward may have partially tempered investor bullishness, Oppenheimer views forward book-to-bill expectations as a conservative floor.