Citi raised the firm’s price target on Vertiv (VRT) to $130 from $98 and keeps a Buy rating on the shares after meeting with management. The firm came away confident that Vertiv remains well positioned for “significant” industrial market outgrowth given durable data center-related growth coupled with the company’s self-help focus. Citi is also encouraged by Vertiv’s actions to mitigate tariff headwinds over time. It sees solid underlying fundamentals and increased conviction on the company’s improving performance.
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