GE Vernova price target raised to $216 from $195 at JPMorgan

JPMorgan analyst Mark Strouse raised the firm’s price target on GE Vernova to $216 from $195 and keeps an Overweight rating on the shares. The company reported Q2 EBITDA above expectations and raised fiscal 2024 guidance slightly as its order activity remains solid, the analyst tells investors in a research note. The firm sees increasing visibility into a revenue ramp and margin expansion over the coming years.