GE Vernova price target raised to $400 from $325 at Truist

Truist analyst Jordan Levy raised the firm’s price target on GE Vernova (GEV) to $400 from $325 and keeps a Buy rating on the shares heading into its investor event. The firm is positive on the company’s continued favorable macro tailwinds that will continue to drive demand, particularly for GEV’s gas power/electrification segment, the analyst tells investors in a research note. Truist adds that it will be looking for long-term guidance of high-single-digit revenue growth and low-to-mid-teens EBITDA margins as the base expectation forecast.