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Bernstein Sticks to Its Buy Rating for Vertiv Holdings (VRT)

Tipranks - Tipranks - Tue Aug 4, 8:38AM CDT

In a report released today, Varun Govindaraj from Bernstein maintained a Buy rating on Vertiv Holdings, with a price target of $368.00.

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Govindaraj covers the Industrials sector, focusing on stocks such as nVent Electric, Vertiv Holdings, and Trane Technologies. According to TipRanks, Govindaraj has an average return of -3.0% and a 50.00% success rate on recommended stocks.

In a report released on July 30, Bank of America Securities also reiterated a Buy rating on the stock with a $375.00 price target.

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Based on Vertiv Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.27 billion and a net profit of $497.8 million. In comparison, last year the company earned a revenue of $2.64 billion and had a net profit of $324.2 million

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