TD Cowen raised the firm’s price target on Vertiv (VRT) to $347 from $269 and keeps a Buy rating on the shares. The firm said they reported upside 1Q26 results, provided slight downside 2Q26 guidance, and raised 2026 guidance. Management commentary on Americas pipeline expansion aligns with recent checks pointing to record 1Q26 U.S. data center leasing, which Cowen expects to drive record orders as early as 2Q26.
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- Vertiv price target raised to $356 from $344 at RBC Capital
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