GE Vernova price target raised to $367 from $301 at Morgan Stanley

Morgan Stanley raised the firm’s price target on GE Vernova (GEV) to $367 from $301 and keeps an Overweight rating on the shares. The firm reduced its industry view on clean technology to In-Line from Attractive, saying there is an added level of uncertainty in the market as to how the policy environment for renewables will change under the newly elected administration. In light of this, the firm recommends investing in stocks with high-quality and durable growth and margins, with a clear catalyst path and/or strong balance sheet to weather any near-term volatility in growth and/or profitability, pointing to Vernova, First Solar (FSLR) and Bloom Energy (BE) as its top Overweight picks in the space.