BofA raised the firm’s price target on GE Vernova (GEV) to $620 from $550 and keeps a Buy rating on the shares. The firm expects strong Q2 orders with multiple announced gas turbine orders intra-quarter, the analyst tells investors in a preview. The firm, which also notes that its 2027 EBITDA forecast of $7.0B is still 10% above consensus of $6.4B, argues that a premium multiple is warranted given GE Vernova’s above-peer earnings growth and margin trajectory.
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