GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

GE Vernova Inc. (NYSE:GEV) shares are trading higher after BofA Securities analyst Andrew Obin upgraded the stock from Neutral to Buy and raised its price target from $200 to $300.

The analyst writes that while rising grid-related spending benefits the Electrification segment, they believe the potential of Gas Power Services (29% of revenue) is underappreciated by investors.

Notably, the analyst writes that electricity generation for U.S. combined cycle plants has grown at a ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40906141/ge-vernovas-gas-power-services-underappreciated-poised-for-growth-analyst