Raymond James starts with GE Vernova with Outperform in wind growth

Raymond James analyst Pavel Molchanov last night initiated coverage of GE Vernova with an Outperform rating and $160 price target. “Combining strengths across a broad spectrum of conventional and renewable generation, as well as grid technology, Vernova is involved in practically everything,” the analyst tells investors in a research note. The firm looks at Vernova as a mid-single-digit growth story, with power lagging behind wind and electrification. It also sees an improving margin profile.