GE Vernova price target raised to $202 from $174 at Evercore ISI

Evercore ISI raised the firm’s price target on GE Vernova to $202 from $174 and keeps an Outperform rating on the shares. The firm continues to believe that the energy transition is a mega theme and calls GE Vernova “a key investment in the evolution of Energy given its scale, competitive moat, positive EBITDA generation, and leverage to the electrification of everything.” Following earnings, the firm says it believes GE Vernova is “a ‘must own’ in any renewables portfolio.”