Research analysts at Bank of America started coverage on shares of GE Vernova (NYSE:GEV – Get Free Report) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “neutral” rating and a $150.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 1.47% from the company’s current price.
A number of other brokerages also recently commented on GEV. Melius started coverage on GE Vernova in a report on Monday. They issued a “hold” rating and a $147.00 price target for the company. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price on the stock in a report on Monday, April 8th. BNP Paribas started coverage on GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $177.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th. Finally, Mizuho started coverage on GE Vernova in a report on Monday, April 15th. They set a “buy” rating and a $154.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.44.
Read Our Latest Stock Analysis on GEV
GE Vernova Price Performance
Institutional Trading of GE Vernova
Large investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System acquired a new stake in GE Vernova in the 1st quarter valued at approximately $2,892,000. Anderson Hoagland & Co. acquired a new stake in GE Vernova in the 1st quarter valued at approximately $1,720,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in GE Vernova in the 1st quarter valued at approximately $478,000.
GE Vernova Company Profile
GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.
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