As previously reported, Guggenheim downgraded GE Vernova (GEV) to Neutral from Buy and removed the firm’s previous $600 price target citing the belief that the stock’s valuation “fully reflects even the substantially above-consensus estimates” the firm is now publishing. While acknowledging that the valuation is “still admittedly attractive if investors are willing to focus on 2029 and beyond,” the firm no longer finds shares attractive given the wait required to get to that outcome, the analyst tells investors.
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Read More on GEV:
- GE Vernova downgraded to Neutral from Buy at Guggenheim
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- GE Vernova Inc. Receives Buy Rating from Marc Bianchi Amid Strong Performance and Growth Prospects
- GE Vernova price target raised to $670 from $544 at Citi
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