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Stock impact report

Vertiv Stock Tumbles as Barclays Analysts Cut Price Target [Yahoo! Finance]

Vertiv Holdings, LLC Class A (VRT) 
Company Research Source: Yahoo! Finance
Vertiv is "well-placed" for revenue and profit growth this year, but is "vulnerable to any hint" of slowing spending on data centers, the analysts wrote. The analysts cut their price target to $100 from $111 previously, well below the roughly $139 analyst consensus. Shares of Vertiv Holdings ( VRT ) slumped more than 10% Wednesday after Barclays analysts cut their price target for the maker of cooling systems for artificial intelligence (AI) data centers. In a note previewing first-quarter results for a range of multi-industry companies, the analysts on Wednesday maintained their "equal weight" rating for Vertiv, but cut their price target to $100 from $111 previously. That price target is well below the $139.17 analyst consensus compiled by Visible Alpha. Barclays analysts also have the lowest price target and the lone "hold" or equivalent rating, with the 11 other analysts tracked rating it as a "buy." The analysts said that Vertiv "looks well-placed for superior top- and Show less Read more
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