Oppenheimer raised the firm’s price target on Vertiv (VRT) to $195 from $190 and keeps an Outperform rating on the shares. The firm notes shares saw uneven trading amid broader market momentum unwind Wednesday after Vertiv reported record Q3 orders and a robust EPS beat. While the stock’s run-up into earnings contributed to a high expectations bar, Oppenheimer views results and commentary as incrementally bullish.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Top Analysts Raise Vertiv Stock (VRT) Price Targets on Upbeat Q3 Earnings
- Vertiv price target raised to $198 from $192 at Citi
- Vertiv price target raised to $200 from $165 at Morgan Stanley
- Vertiv price target raised to $182 from $159 at Goldman Sachs
- Vertiv price target raised to $170 from $145 at Barclays