GE Vernova upgraded to Buy at Guggenheim following pullback

As previously reported, Guggenheim upgraded GE Vernova (GEV) to Buy from Neutral with a $380 price target While noting that the stock has declined significantly since mid-January, the analyst tells investors that recent commentary from the company has increased the firm’s comfort with projections. New pricing actions are set to flow through the model later this decade and backlog continues to extend, adds the analyst, who contends that the company continues to make added headway in its power business.