VNET Group price target raised to $7 from $6.40 at UBS

UBS raised the firm’s price target on VNET Group (VNET) to $7 from $6.40 and keeps a Buy rating on the shares after hosting meetings with management. Given strong demand, VNET has established three campuses in Ulanqab, Huailai and Taicang, the analyst tells investors in a research note. The firm says that although pricing remains stable, as its customer base is concentrated, project return is improving.