Truist raised the firm’s price target on GE Vernova (GEV) to $325 from $300 and keeps a Buy rating on the shares after its Q3 results. The company continues to demonstrate strength in executing on its targets for the year both in topline growth and margin enhancement, and the firm remains impressed by the pacing of new gas power and electrification orders, the analyst tells investors in a research note. GE Vernova continues to solidify its position as a marquee play on growing power demand, the firm added.
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