GLJ Research analyst Austin Wang raised the firm’s price target on GE Vernova (GEV) to $1,087 from $805 and keeps a Buy rating on the shares. While the firm is taking both its estimates and 12-month price target higher out of an accelerative investor day and ahead of Q4 results due on January 28, it has become “increasingly cautious on the near-term picture,” citing limited positive catalysts and negative rate of change for data center headline risk, the analyst tells investors in a preview.
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