Morgan Stanley raised the firm’s price target on GE Vernova (GEV) to $301 from $256 and keeps an Overweight rating on the shares. Strong year-over-year bookings in Power and Electrification “exemplify the strong demand environment,” says the firm, which believes a path to about a 20% EBITDA margin within the company’s Power business is “potentially in sight.”
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- GE Vernova price target raised to $320 from $300 at BofA
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