As previously reported, Jefferies upgraded GE Vernova (GEV) to Buy from Hold with a price target of $815, up from $736. Shares are down since the December 9 analyst day, though the firm is more positive on the outlook for Power given gas pricing and services visibility and the outlook for electrification as well, the analyst tells investors. Gas turbine pricing continues to positively surprise and services provides visibility deeper into the 2030s, the analyst added.
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