Citi raised the firm’s price target on Vertiv (VRT) to $414 from $353 and keeps a Buy rating on the shares following the investor day. The company has multi-year visibility to sales and earnings growth due to “robust” AI-driven data center spending, the analyst tells investors in a research note. Citi thinks Vertiv will raise its long-term organic growth outlook to high-teens to low-twenties from 12%-24%.
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