Vertiv is trading at $241.32, down 4.48%, amid broad market weakness as investors await Federal Reserve minutes and rising Treasury yields and oil prices weigh on sentiment.
- Reuters reported Wall Street futures edged lower as yields and oil rebounded.
- A new GLJ Research Sell rating and $188 price target were announced October 6, but available reporting does not establish that call as the cause of Vertiv’s October 7 decline.