Rothschild & Co Redburn downgraded GE Vernova (GEV) to Sell from Neutral with a $475 price target The firm says the shares are “materially overvalued” based on its reverse discounted cash flow analysis. The upgrade cycle for Siemens Energy and GE Vernova “could be reaching a late stage” and downside risks exist, the analyst tells investors in a research note. Rothschild says GE Vernova’s valuation discounts record margins in Power and Electrification into perpetuity.
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