Vertiv Holdings price target raised to $27 from $25 at TD Cowen

TD Cowen analyst Lance Vitanza raised the firm’s price target on Vertiv Holdings to $27 from $25 and keeps an Outperform rating on the shares. The firm said operating conditions are encouraging with favorable momentum in all channels, categories and regions. Underlying industry growth should remain robust for several years bolstered by increased data consumption, higher heat-emitting equipment, and AI with Vertiv wellpositioned to capitalize on each of these secular tailwinds.