Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on GE Vernova to $293 from $261 and keeps a Buy rating on the shares. GE Vernova CEO Scott Strazik’s comments at a recent conference “both validated our thesis and introduced new elements to the story,” says the analyst, who raised the firm’s FY26 and FY27 estimates for Power and Electrification to account for global Gas ambitions and ramping Grid backlog. The firm sees “a clear catalyst path emerging” with new long-term targets and capital allocation clarity expected from the investor update coming on December 10, the analyst added.
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