Evercore ISI raised the firm’s price target on GE Vernova to $240 from $202 and keeps an Outperform rating on the shares after the company provided an update to its Q3 guidance and additional insight surrounding the long-term demand strength its seeing within its Power and Electrification segments prior to presenting at a competitor conference. The firm, which is updating its estimates to reflect the accelerated margin expansion and price capture within the Power and Electrification businesses, is increasing its 2025 and 2026 adjusted EBITDA estimates to $3.57B and $4.35B, respectively.
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