Morgan Stanley raised the firm’s price target on GE Vernova (GEV) to $511 from $422 and keeps an Overweight rating on the shares, citing stronger conviction in the company’s ability to execute on incremental high-margin opportunities within Power and Electrification. GE Vernova has significantly outperformed the analyst’s broader coverage since April and its premium valuation to peers underscores elevated market expectations, but the firm still sees a favorable risk-reward, the analyst tells investors.
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