UPDATE: Morgan Stanley Starts i3 Verticals (IIIV) at Equalweight

Morgan Stanley analyst James Faucette initiates coverage on i3 Verticals (NASDAQ: IIIV) with a Equalweight rating and a price target of $34.00.

The analyst comments "I3 has positioned itself to capitalize on the integration of software and payments. We expect 9.6% organic growth by FY23 with high-teens Adj. EBITDA growth over the next few years, but prefer a better entry point when management has more flexibility for M&A. Initiate EW with a $34 PT."

For an analyst ratings summary and ratings history on i3 Verticals click here. For more ratings news on i3 Verticals click here.

Shares of i3 Verticals closed at $32.13 yesterday.

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