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.
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