DA Davidson raised the firm’s price target on i3 Verticals (IIIV) to $34 from $32 and keeps a Buy rating on the shares. The company’s Q1 results marked a “strong” start to FY25, while the Merchant Services divestment allowed i3 to reduce their net leverage from 3.6-times pro forma EBITDA to 0.1-times, the analyst tells investors in a research note.
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