Jefferies raises PT on GE Vernova on ability to weather tariffs

GE Vernova T&D India

17/04/2025 12:56

** Jefferies raises PT on U.S.-based power equipment maker GE Vernova GEV.N to $418 from $413 — now a 27.5% upside to stock's last close

** Brokerage says they could see tariffs weigh on costs, but expect GEV to at least partially pass on pricing

** Jefferies says Vernova said at a recent conference that less than 5% of materials are purchased from China, Mexico and Canada

** Brokerage says higher steel input costs will presumably have an effect already in 2Q25 results

** Says other tariff impacts could still take some time to be reflected; says corresponding supply chain and logistics issues to be watched

** 26 of 32 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $405 - data compiled by LSEG

** Up till last close, stock down 3.2% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))