Wells Fargo raised the firm’s price target on GE Vernova (GEV) to $697 from $474 and keeps an Overweight rating on the shares. The firm cites higher long-term revenue and margins in Power and Electrification given continued strong momentum and favorable long-term tailwinds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEV:
- GE Vernova price target raised to $690 from $590 at BMO Capital
- GE Vernova price target raised to $675 from $511 at Morgan Stanley
- GE Vernova price target raised to $715 from $620 at JPMorgan
- Strong Growth Prospects and Strategic Initiatives Justify Buy Rating for GE Vernova Inc.
- GE Vernova price target raised to $706 from $580 at Barclays