GE Vernova initiated with a Neutral at JPMorgan

JPMorgan analyst Mark Strouse initiated coverage of GE Vernova with a Neutral rating and $141 price target. The analyst views GE Vernova as a core long-term holding for investors seeking exposure to the electrification trend, with scarcity value driven by the company’s diversification and relative exposure to the U.S. However, with the stock trading near the year-end 2024 price target, investors can look for a pullback before potentially adding more aggressively to positions, the analyst tells investors in a research note.