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Why Vertiv Stock Was Wilting This Week

TheMotleyFool

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Why Vertiv Stock Was Wilting This Week: https://g.foolcdn.com/editorial/images/846872/person-looking-at-laptop-screen-with-head-in-hands.jpg

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

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