JPMorgan analyst Mark Strouse raised the firm’s price target on GE Vernova (GEV) to $620 from $460 and keeps an Overweight rating on the shares ahead of the Q2 report. The firm sees a “potentially tricky setup” into earnings for GE Vernova with high expectations into the print. Investors should be prepared for a potential temporary lull in Power firm orders in Q2 but slot reservation momentum and demand commentary should remain robust, the analyst tells investors in a research note.
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