BMO Capital Markets has initiated coverage of Vertiv Holdings Co. with an Outperform rating and a $329 price target, implying approximately 30% upside from the stock’s closing price of $252.18. The data center infrastructure supplier generates roughly $10.2 billion in revenue, with data centers accounting for 85% of that figure. The company employs about 34,000 people and operates 30 manufacturing facilities alongside roughly 320 service centers worldwide. BMO’s thesis centers on strong demand for power management and thermal cooling products serving AI data centers. The firm flagged integration risk from ongoing acquisitions, including the Utility Innovation Group deal valued at up to $2.6 billion.
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