GE Vernova price target raised to $336 from $293 at Jefferies

Jefferies raised the firm’s price target on GE Vernova (GEV) to $336 from $293 and keeps a Buy rating on the shares as part of a Q3 earnings preview. The firm says GE Vernova remains a top pick with the December 10 investor update an “imminent revisions catalyst for a multi-year story” that is “just starting.” The company could miss consensus estimates in Q3 but fiscal 2025 EBITDA should be well above Street estimates, the analyst tells investors in a research note. However, the “real opportunity for shares” is tied to the 2026 outlook as long-dated backlog should “mute immediate translation” of higher margins in new orders, the analyst tells investors in a research note.