Mizuho downgraded GE Vernova (GEV) to Neutral from Outperform with a $670 price target The firm cites the company’s accelerating EBITDA margins in power and electrification business and higher gas power manufacturing capacity beyond 2028 that is supported by strong bookings and reservations, along with continued load growth market signals evident in the recent PJM auction and hyperscale capex increase, the analyst tells investors in a research note.
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