GE Vernova price target raised to $471 from $420 at BMO Capital

BMO Capital raised the firm’s price target on GE Vernova (GEV) to $471 from $420 and keeps an Outperform rating on the shares. The strong relative outperformance of GE Vernova shares since Q3 that accelerated so far this year has stretched its trading multiple relative to other industrial peers, but the company offers breadth across nearly all aspects of power infrastructure that are most needed to accommodate the level of power demand growth not seen in developed economies over the last couple of decades, the analyst tells investors in a research note.