GE Vernova (GEV) PT Raised to $800 at RBC Capital Following 'Another Strong Q'

RBC Capital analyst Christopher Dendrinos raised the price target on GE Vernova (NYSE: GEV) to $800.00 (from $761.00) while maintaining an Outperform rating.

The analyst commented: "Another strong qtr ahead of expectations, and GEV continues to show accelerating demand and further indicators of favorable pricing and demand for the foreseeable future. The acquisition of Prolec is contributing earlier than we previously modeled. We believe favorable data points on backlog equipment margin expansion signals upside to margin in 2028 for Power and believe Prolec could accelerate rev and expand margins in Electrification over time. PT to $800 (from $761) on estimate revisions."

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