Goldman Sachs raised the firm’s price target on GE Vernova (GEV) to $1,328 from $1,000 and keeps a Buy rating on the shares. GE Vernova delivered a strong quarter, with segment EBITDA beating expectations driven by strength in Power and Electrification, more than offsetting continued weakness in Offshore Wind. Orders were robust across the business, with particularly strong growth in gas power and electrification, resulting in a very high book-to-bill ratio and a rapidly expanding backlog, the analyst tells investors in a research note.
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