Jefferies downgraded GE Vernova (GEV) to Hold from Buy with a price target of $517, up from $427. The firm cites valuation for the downgrade. GE Vernova’s current share price adequately reflects a premium on Jefferies’ above-consensus 2028 estimates, the analyst tells investors in a research note. The firm says GE’s long-term fundamentals remain strong, but the stock offers “narrowing incremental risk/reward” following the recent outperformance.
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