GLJ Research analyst Austin Wang initiated coverage of GE Vernova (GEV) with a Buy rating and $702 price target The firm says investors and analysts are increasingly stepping away from GE Vernova, a “best-in-class” power generation manufacturing story, citing valuation and a slowing event-path. GLJ believes analysts are mismodeling the most significant part of the company’s narrative – the services business. It expects accelerating Power Services trends with pricing gains.
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