Jefferies raises GE Vernova PT on robust long-term outlook

GE Vernova T&D India

27/03/2025 10:33

** Jefferies raises PT on U.S.-based power equipment maker GE Vernova GEV.N to $413 from $391 - now a 30% upside to stock's last close

** Brokerage says long-term outlook is robust except for wind energy, more so with the Trump administration

** "We feel incrementally positive on the back of a robust order book" - brokerage

** Brokerage expects GEV's gas turbine volume growth to exceed est demand growth of 2% to 5% through 2030+ considering strength in North America

** 25 of 31 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $424 - data compiled by LSEG

** Up till last close, stock down 3.4% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))