GE Vernova price target raised to $246 from $192 at RBC Capital

RBC Capital raised the firm’s price target on GE Vernova to $246 from $192 and keeps an Outperform rating on the shares. The firm is adjusting its model following the announcement that the company is adding incremental capacity for Power and is continuing to see robust demand in Electrification that should support its long term growth outlook, the analyst tells investors in a research note. RBC adds that it now forecasts revenue growth above the company’s longer-term mid-single-digit target and EBITDA margins that approach 12.5% in 2026, with additional growth through 2028.