Data center equipment maker Vertiv falls after Jefferies cuts to 'hold'

Shares of data center equipment maker Vertiv VRT.N fall 2% to $230 premarket

Jefferies resumes coverage on the company and downgrades rating to 'hold' from 'buy', slashes price target to $260 from $280

New PT implies an upside of 11% from the stock's last close

Brokerage says co's tougher comparisons and order volatility could weigh on growth and margins

Adds elevated consensus growth expectations for 2026–27 leave limited room for upside as capacity expansion and hyperscaler spending visibility remain low

24 of 29 brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $277 - data compiled by LSEG

As of last close, stock up 44.6% YTD