TD Cowen raised the firm’s price target on GE Vernova (GEV) to $405 from $400 and keeps a Buy rating on the shares. The firm said the commentary at the 4Q report was incrementally positive, the release of the release of DeepSeek’s AI model and potential lower electricity intensity sent the shares and other power stocks materially lower as investors are now aware of the efficiency threat that may remain a valuation overhang.
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