Why Vertiv Stock Was Wilting This Week
Investor sentiment in data center infrastructure specialist Vertiv (NYSE: VRT) was affected mid-week by an analyst's recommendation downgrade. With that tailwind, Vertiv's shares were slumping by almost 15% week-to-date in mid-session action on Friday, according to data compiled by S&P Global Market Intelligence.
That change in recommendation came from Wolfe Research's Nigel Coe, who, on Wednesday, retagged Vertiv as a peerperform (i.e., hold) from his previous outperform (buy). Coe's price target wasn't immediately available.
Source Fool.com
