GE Vernova price target raised to $300 from $190 at Argus

Argus raised the firm’s price target on GE Vernova to $300 from $190 and keeps a Buy rating on the shares. The firm views GE Vernova as a “well-run, financially strong company” that is well positioned to take advantage of “megatrends” such as energy transition, global electrification, and global decarbonization. Though the company’s recent profit record “has been spotty, a turnaround is underway, and the outlook for near-term growth is promising,” the analyst tells investors in a research note.