Citi lowered the firm’s price target on GE Vernova (GEV) to $354 from $437 and keeps a Neutral rating on the shares. As part of a Q1 preview for the U.S. electrical equipment and industrial conglomerates, Citi says it believes the Trump Administration’s protectionist platform should “reboot” the group’s secular tailwinds over time. As such, the firm sees “value developing” across the multis. The sector’s Q1 orders and earnings “mostly should be fine,” the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEV:
- Anterix announces Ericsson, GE Vernova, Nokia expand collab with initiative
- GE Vernova price target lowered to $425 from $436 at JPMorgan
- Paramount downgraded, Broadcom upgraded: Wall Street’s top analyst calls
- GE Vernova initiated with a Positive at Susquehanna on prolonged nat gas demand
- GE Vernova initiated with a Positive at Susquehanna
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue