BMO Capital raised the firm’s price target on GE Vernova (GEV) to $785 from $780 and keeps an Outperform rating on the shares. The company “had a tough act to follow” given magnitude of its prior gas turbine update, though the firm believes that potential upside remains from synergies with Prolec and about 100 GW exit rate that may embed conservatism in gas turbine exit rate, the analyst tells investors in a research note.
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