GE Vernova downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded GE Vernova (GEV) to Sector Perform from Outperform with a price target of $605, down from $631. While GE Vernova is benefiting from strong demand for energy generation/distribution and from positive price dynamics and productivity improvements, this is now more fully reflected in current valuation and consensus expectations through the end of the decade, the analyst tells investors in a research note.

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