HSBC analyst Sean McLoughlin initiated coverage of GE Vernova with a Buy rating and $215 price target. The company is exposed to both low carbon and gas-fired power segments, which may offer protection against “potentially divergent energy policies favored by the main U.S. presidential candidates, the analyst tells investors in a research note. The firm sees GE Vernova’s growth underpinned by resurgent demand for natural gas and bounce back in U.S. onshore wind installations through 2028.
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