Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on GE Vernova (GEV) to $1,350 from $965 and keeps a Buy rating on the shares. Consensus estimates are “still too low” given continued acceleration in gas orders and an underappreciated uplift in Electrification orders and future margin, says the analyst, who sees order visibility extending into the 2030s.
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