GE Vernova (GEV) PT Raised to $246 at RBC Capital

RBC Capital analyst Christopher Dendrinos raised the price target on GE Vernova (NYSE: GEV) to $246.00 (from $192.00) while maintaining a Outperform rating.

The analyst comments "We are increasing our PT to $246 from $192 following the announcement that GEV is adding incremental capacity for Power and is continuing to see robust demand in Electrification that we believe supports the long term growth outlook. We now forecast revenue growth above the company's longer-term MSD% target and EBITDA margins that approach 12.5% in 2026 with additional growth through 2028. Catalysts into YE include a possible dividend/share buyback announcement, continued margin improvement across the business (ex-offshore wind), robust order demand, and a December 10th investor event where we expect an updated LT outlook."

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