Vertiv: KeyBanc says buy the dip
KeyBanc advises buying Vertiv after disappointing quarter
VRT KeyBanc said buy the dip in Vertiv despite the picks-and-shovels AI play reporting a disappointing quarter yesterday.
Analysts did lower their price target to $325 from $360, acknowledging investors aren't paying the same multiple for data-center stocks anymore.
CEO Giordano Albertazzi told me last night on "Mad Money" that the issues in the quarter were temporary and related to supply chain hurdles, not waning demand for its cooling and power gear. - per Cramer Investing Club Newsletter