GE Vernova price target raised to $470 from $420 at Truist

Truist analyst Jordan Levy raised the firm’s price target on GE Vernova (GEV) to $470 from $420 and keeps a Buy rating on the shares after its Q4 results. The firm is positive on the company’s bookings momentum and the growing broader dialogue around AI infrastructure with Stargate Project, also noting that the tailwinds continue to mount for this “energy transition powerhouse”. Electrification orders surprising to the upside provide another reason for optimism in the company’s growth trajectory, the analyst tells investors in a research note.