Morgan Stanley raises PT on GE Vernova

GE Vernova T&D India

24/06/2025 14:52

** Morgan Stanley raises price target on power equipment maker GE Vernova GEV.N to $511 from $422, maintains "overweight" rating

** GEV shares up 1.5% in morning trade

** New price target represents a 2.2% upside to the stock's last close

** Brokerage cites stronger conviction in GEV’s ability to execute on incremental high-margin opportunities within power and electrification segment

** "We still see a risk-reward that offers a clearer path to further upside than downside...given a number of continued tailwinds to the outlook," - Morgan Stanley

** 24 of 32 brokerages rate the stock "buy" or higher, 8 "hold"; median PT is $502.61 - data compiled by LSEG

** Including sessions moves, stock up 54.2% YTD

(Reporting by Pooja Menon in Bengaluru)

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