GE Vernova price target raised to $740 from $715 at JPMorgan

JPMorgan analyst Mark Strouse raised the firm’s price target on GE Vernova (GEV) to $740 from $715 and keeps an Overweight rating on the shares. The company reported a strong quarter with orders, backlog, revenue, and margins all exceeding expectations, the analyst tells investors in a research note. The firm says GE Vernova also announced the acquisition of the remaining stake in Prolec GE, which is expected to be immediately accretive.