Evercore ISI analyst Amit Daryanani raised the firm’s price target on Vertiv Holdings to $50 from $40 and keeps an Outperform rating on the shares after having hosted investor meetings with Vertiv’s CEO, CFO and other management. The firm, which argues that Vertiv “remains an attractive pureplay asset to own levered to the fast-growing data center markets,” sees potential upside to greater than $50 per share in a bull case scenario, the analyst tells investors after the meetings.
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