This data center derivative IPO has gone vertical since its debut. Wall Street sees more gains ahead

Madison Air Solutions stock has popped more than 50% since its April initial public offering, and has more in the tank as a data center boom linked to artificial intelligence will continue to power a rally, according to Bank of America. The bank, one of several book-running managers on the IPO, initiated research coverage of the HVAC provider with a buy rating and 12-month price target of $47, implying 12% upside from Friday's close. …