BUZZ-Jefferies hikes GE Vernova PT on higher power demand

Reuters01-14 20:34
BUZZ-Jefferies hikes <a href="https://laohu8.com/S/GEV">GE Vernova</a> PT on higher power demand

** Jefferies raises PT on power equipment maker GE Vernova GEV.N to $865 from $830

** New PT represents a 32.65% upside to stock's last close

** Says investors remain cautious on oversupply and AI/data center demand, but see less risk from GEV exposure versus peers with shorter-cycle products and stronger substitutes

** Expects GEV to be well-prepared to protect its order book and adapt quickly to changing demand

** Says 4Q25 order announcements and financial results could be much stronger than implied in Street expectations

** "We view GEV as a lower-risk setup heading into 4Q25 reporting with FY26 guidance already known and revisions not expected by investors until Prolec closes" - Jefferies

** 26 of 35 brokerages rate stock "buy" or higher, 8 "hold" and 1 "sell"; median PT is $769 - LSEG data

** GEV rose 92.82% in 2025

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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