JPMorgan ups GE Vernova target, removes from Analyst Focus List

JPMorgan analyst Mark Strouse raised the firm’s price target on GE Vernova (GEV) to $1,150 from $1,000 and keeps an Overweight rating on the shares. JPMorgan also removed GE Vernova from its Analyst Focus List. The company in Q1 should see continued strength in Power orders and margin expansion, supported by “robust demand and favorable pricing,” the analyst tells investors in a research note. The firm cites less upside to the price target following the stock’s recent rally for the Focus List removal.

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