HSBC gives bullish rating to Vertiv (VRT.US): "Pure play" in data center power and cooling sector, initiates with "Buy" rating

HSBC initiates coverage on Vertiv for the first time with a "Buy" rating and sets a target price of $325, representing an upside of nearly 18% from the stock's Wednesday closing price of $276.16. HSBC believes that Vertiv is a “pure play” in the data center power and cooling sector, positioning it at the center of the fastest growing segment in the AI supply chain.