Morgan Stanley raised the firm’s price target on i3 Verticals (IIIV) to $27 from $22 and keeps an Equal Weight rating on the shares. Given stabilizing underlying trends and increased M&A capacity, the firm is “incrementally confident” in i3’s ability to achieve its high-single digit organic growth outlook, the analyst tells investors after Q1 results broadly beat expectations and the FY25 outlook was reaffirmed.
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Read More on IIIV:
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