BMO Capital raised the firm’s price target on GE Vernova (GEV) to $1,250 from $1,110 and keeps an Outperform rating on the shares. The firm notes it was already expecting a constructive update but the execution of 21 GWs of new gas turbine contracts during Q1 was even better than anticipated. GE Vernova remains a long-term winner from rising global power and investment, the analyst tells investors in a research note.
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