GE Vernova price target raised to $256 from $220 at Morgan Stanley

Morgan Stanley analyst Andrew Percoco raised the firm’s price target on GE Vernova to $256 from $220 and keeps an Overweight rating on the shares. After having hosted CEO Scott Strazik for a fireside chat at the firm’s Laguna Conference, the analyst came away with increased confidence in the margin expansion outlook across Power and Electrification and “a clearer understanding of the path forward” for Wind, the analyst tells investors.