Barclays Raises its Price Target on Vertiv Holdings (VRT)
Barclays raises price target for Vertiv Holdings
Barclays has increased its price target for Vertiv Holdings Co (NYSE:VRT) to $300, up from $281, while maintaining an Overweight rating. This adjustment comes amid a broader Q1 preview, where analyst Julian Mitchell noted the sector's demand uncertainties. Additionally, Vertiv is investing approximately $50 million to expand its manufacturing capabilities in Ohio, which is expected to create hundreds of jobs and enhance production capacity by 45% by 2029.
Key Takeaways
- 1.
Barclays raised its price target on Vertiv Holdings to $300 from $281.
- 2.
Vertiv announced a $50M investment to expand manufacturing operations in Ohio.
- 3.
HSBC initiated coverage with a $325 price target, citing strong demand for data center infrastructure.
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