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0.000913761852689626 -0.00187246281288854 0.00600686070374641 0.00156537891157475 0.00897284179936188 -0.00684572404392056 -0.00533277409110664 0.0152942762556734
Stock impact report

GE Vernova (GEV) Jumps Back Into Favor as RBC Turns More Bullish [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
the stock from Sector Perform to “Outperform” with a price target of $761.00. The firm believes GE Vernova's growth and margin tailwinds support higher valuation. While RBC had previously downgraded the stock after underestimating growth and margin opportunity, the firm acknowledges that GEV is showing no signs of slowing down. This acknowledgement follows the company's stronger than expected updated outlook. GEV's growth trajectory will drive margin expansion through multiple channels, noted the firm. In the short term, these improvements will stem from expanding equipment margins and productivity improvements. Meanwhile, additional long-term benefits may come from a growing services backlog and expansion of the electrification product portfolio “Our updated PT of $761 (from $630) is based on a 13x 2030E EBITDA multiple (from 12.5x). Multiple expansion reflects a strong bias that estimates could continue to trend higher.” GE Vernova Inc. (NYSE:GEV) is a global energy company Show less Read more
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