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VNET Group price target raised to $12.60 from $11.80 at BofA

BofA raised the firm’s price target on VNET Group (VNET) to $12.60 from $11.80 and keeps a Buy rating on the shares. Following a Q2 beat, the firm raised its FY25 and FY26 adjusted EBITDA forecasts, making its estimates 2% and 4% higher than consensus, respectively.

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