GE Vernova (GEV) PT Raised to $780 at TD Cowen

TD Cowen analyst Marc Bianchi raised the price target on GE Vernova (NYSE: GEV) to $780.00 (from $680.00) while maintaining a Buy rating.

The analyst commented: "GEV was up 2.7% on a mixed day for the Power complex. "By '28" guidance was essentially reiterated but now includes Prolec. We think the positive stock reaction stems from the order results / outlook (100GW gas power commitments by YE26, 2.5x book to bill in Electrification) and pricing commentary including both margin accretion in backlog and further margin upside on yet to be booked SRAs."

You May Also Be Interested In

• Broadcom Limited (AVGO) PT Lowered to $350 at DA Davidson
• StoneX Starts Lennar (LEN) at Hold
• Toro (TTC) PT Lowered to $115 at DA Davidson