UBS analyst Amit Mehrotra initiated coverage of GE Vernova (GEV) with a Buy rating and $614 price target GE Vernova holds a 35% share of the global gas turbine market, and the firm projects 70% compounded earnings growth over the next five years, the highest among its coverage universe, driven by higher electricity demand to power AI and data centers, the analyst tells investors in a research note. While valuation is high, it is sustainable especially given the potential for reacceleration in U.S. industrial activity and favorable tax reform tailwinds, the firm says.
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