Vertiv (VRT) Cut to Peerperform as Wolfe Sees Balanced Risk-Reward

Vertiv Holdings Co (NYSE:VRT) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, Wolfe Research downgraded the stock from Outperform to “Peerperform” without a price target. After an extended period of outperformance, the firm sees a balanced risk-reward profile for the stock.

Wolfe Research noted that this is the first time that they are not recommending the stock since December 2022. Analysts noted that after a period of outperformance, “the stock now looks balanced in our bull vs. bear skews.”

“VRT has been the top-performing EE/MI stock over the past 3 years. Since we upgraded to OP rating in Dec-2022, the stock has risen ~14x with the NTM P/E multiple re-rating from ~13x to ~36x, on an EPS base that has quadrupled over that time frame. This has been a remarkable story.”

Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities.

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Disclosure: None.