Wolfe Research downgraded Vertiv (VRT) to Peer Perform from Outperform without a price target The firm still believes the company is well positioned to benefit from growth in the data center infrastructure market. However, it cites valuation for the downgrade with the shares up 14-times since its December 2022 upgrade. After this extended period of outperformance, Vertiv shares now look balanced in a bull versus bear skew, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Vertiv price target raised to $220 from $198 at Citi
- TipRanks’ All-Star Analyst – Who Is the Best on QuantumScape Stock (QS)?
- Vertiv Holdings Completes $1 Billion Acquisition of Purge Rite
- Vertiv price target raised to $181 from $170 at Barclays
- Vertiv Holdings put volume heavy and directionally bearish