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Vertiv price target raised to $150 from $127 at JPMorgan

JPMorgan raised the firm’s price target on Vertiv (VRT) to $150 from $127 and keeps an Overweight rating on the shares following the Q2 report. The firm says it has never seen a demand cycle like what is happening now in the datacenter infrastructure space. Vertiv’s order strength suggests the company “is winning its fair share,” the analyst tells investors in a research note.

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