GE Vernova initiated with a Neutral at BofA

BofA initiated coverage of GE Vernova with a Neutral rating and $150 price target. GE Vernova is a leading manufacturer of gas turbines, wind turbines, and grid equipment and the demand backdrop is “undeniably positive,” the analyst tells investors. However, while the firm views shares as “an attractive multi-year self-help story,” it does not have conviction on near-term positive catalysts, the analyst added.