GE Vernova price target raised to $180 from $160 at RBC Capital

RBC Capital analyst Christopher Chambers raised the firm’s price target on GE Vernova to $180 from $160 and keeps an Outperform rating on the shares. The firm is updating its margin assumptions and also adjusts its valuation to reflect the industrial peer group average multiple, which implies enterprise value to expected EBITDA of 12-times. There is additional margin expansion opportunity for GE Vernova beyond 2026 driven by growing electricity demand which has positive implications across the portfolio, the analyst tells investors in a research note.