BofA raised the firm’s price target on Vertiv (VRT) to $140 from $135 and keeps a Buy rating on the shares. The firm, which now forecasts the global data center infrastructure market to grow at a 16% compound annual growth rate over 2024-2028, is raising its 2026 and 2027 estimates for Vertiv in conjunction with its refreshed data center infrastructure forecasts. The firm also maintains its “above-Street” 2025 adjusted EPS forecast of $3.60 for Vertiv, the analyst noted.
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