Barclays initiated coverage of GE Vernova with an Overweight rating and $250 price target. The firm thinks strong price, ongoing productivity efforts, and volume leverage should drive “very strong” earnings and free cash flow for growth GE Vernova. In addition, there are prospects of substantial buybacks and “rapid” dividend increases ahead, the analyst tells investors in a research note. Barclays cites GE Vernova’s “superior” top- and bottom-line growth for the buy rating.
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