Argus starts GE Vernova at Buy, sees near-term growth ‘promising’

As previously reported, Argus analyst John Eade initiated coverage of GE Vernova with a Buy rating and $190 price target. GE Vernova is a well-run, financially strong company that looks to be “well poised” to take advantage of megatrends such as energy transition, global electrification and global decarbonization, the analyst tells investors in a research note. While its recent profit record has been spotty, a turnaround is underway and the outlook for near-term growth is promising, the firm added.