GE Vernova (GEV) PT Lowered to $420 at BMO Capital

BMO Capital analyst Ameet Thakkar lowered the price target on GE Vernova (NYSE: GEV) to $420.00 (from $471.00) while maintaining a Outperform rating.

The analyst commented, "We were pleased to host GEV's Chief Financial Officer, Ken Parks, and Jonathan Leventry from Investor Relations for a series of investor meetings in Toronto this week. Messaging post DeepSeek remains upbeat and positive for both Power and Electrification business. Company remains clear-eyed regarding the Wind business and which is likely more de-risked than we previously appreciated. Not surprisingly, investors most focused on current favorable pricing dynamics for gas power equipment and S&D trends here, but service business and lean initiatives remain equally important. Reiterate Outperform."

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