Vertiv initiated with a Buy at HSBC

HSBC initiated coverage of Vertiv (VRT) with a Buy rating and $325 price target Vertiv is a leading critical infrastructure provider for data centers and an “important enabler” of AI growth, with solutions across the power and thermal management systems, the analyst tells investors in a research note. The firm sees a “highly attractive” long-term growth outlook for data centers. Vertiv will be a “significant beneficiary of these favorable tailwinds,” contends HSBC, which predicts 36% annual earnings growth for the company through 2028.