RBC Capital analyst Deane Dray raised the firm’s price target on General Electric to $130 from $120 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company continues to drive upside, with ample momentum tracking to the early-2024 spinoff date for GE Vernova, the analyst tells investors in a research note. Orders were also a standout at Renewables this quarter, growing 167% from last year, the firm adds.
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