GE Vernova Inc. (GEV) Tops Q1 EPS by 12c, misses on revenue

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GE Vernova (GEV) PT Raised to $160 at BofA Securities

April 29, 2024 7:01 AM EDT

BofA Securities analyst Andrew Obin raised the price target on GE Vernova (NYSE: GEV) to $160.00 (from $150.00) while maintaining a Neutral rating.

The analyst comments "1Q24 adjusted EBITDA of $189mn (2.6% margin) was $113mn above consensus and $87mn above our estimate. Better margins drove the... More