BUZZ-Jefferies raises GE Vernova PT on growing power infrastructure demand; shares rise
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Jefferies has raised its price target for GE Vernova to $830, citing increased demand for power infrastructure and strategic downsizing in offshore wind operations. This is expected to boost GEV's core profit and free cash flow margins. The stock, which has doubled year-to-date, is rated "buy" by 27 out of 35 brokerages, with a median price target of $775. Shares rose 1.42% to $667.60 premarket.
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