Deutsche Bank analyst Nicole Deblase raised the firm’s price target on Vertiv (VRT) to $216 from $186 and keeps a Buy rating on the shares. The company’s data center/artificial intelligence market growth trajectory has “moved considerably higher and the theme has gained broad-based traction with investors,” the analyst tells investors in a research note. Deutsche upped the price target after laying out a “new blue sky scenario” for Vertiv.
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