GE Vernova price target raised to $1,139 from $871 at Oppenheimer

Oppenheimer analyst Colin Rusch raised the firm’s price target on GE Vernova (GEV) to $1,139 from $871 and keeps an Outperform rating on the shares ahead of the Q1 report. The firm cites stronger electrification demand and margins for the target boost. With data center demand and the Iran conflict driving strength in power prices, on-premise power and microgrid unit economics are improving, the analyst tells investors in a research note.

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