Jefferies Lifts GE Vernova Price Target to $930, Cites Margin Upside in Power Equipment
Jefferies raised its price objective for GE Vernova (GEV) to $930 from $865 and reiterated a Buy rating after the company’s fourth-quarter earnings call. The broker highlighted a potential 10-20 point incremental margin upside that could push Power equipment EBITDA to around 30%. Several analysts have increased earnings estimates and price targets …