GE Vernova price target raised to $192 from $180 at RBC Capital

RBC Capital raised the firm’s price target on GE Vernova to $192 from $180 and keeps an Outperform rating on the shares. The company reported “strong” Q2 results on robust Power/Electrification demand and a FY24 guidance increase, the analyst tells investors in a research note. GE Vernova’s partial offsets were headwinds for onshore wind order demand and ongoing concerns around the Vineyard Wind blade failure and associated costs, which are “manageable”, RBC added.