GE Vernova price target raised to $391 from $348 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on GE Vernova (GEV) to $391 from $348 and keeps a Buy rating on the shares. At GE Vernova’s analyst day earlier this week the company gave the first long-term guidance refresh for the company since its initial projections in March, notes the analyst. The gas order book is accelerating faster than expected and further margin expansion is “where the upside is,” the analyst tells investors following the “positive” event.