Versigent initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Versigent (VGNT) with a Buy rating and $48 price target implying 20% upside. Versigent is a leading provider of low and high voltage electrical architectures that support signal, power, and data distribution, the analyst tells investors in a research note. Goldman expects the company’s growing mix of electrification to support revenue growth and somewhat faster EBITDA growth.

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Versigent initiated with a Buy at Goldman Sachs

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