Morgan Stanley raised the firm’s price target on Vertiv (VRT) to $165 from $125 and keeps an Overweight rating on the shares following the Q2 report. The firm views the company’s first half of the year results as “phenomenal” with its organic accelerating to 30% and the company adding another $1.3B of backlog. However, Morgan Stanley is getting more cautious on the stock’s valuation.
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