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GE Vernova Inc. (NYSE:GEV) shares are trading higher after BofA Securities analyst Andrew Obin upgraded the stock from Neutral to Buy and raised its price target from $200 to $300.
The analyst writes that while rising grid-related spending benefits the Electrification segment, they believe the potential of Gas Power Services (29% of revenue) is underappreciated by investors.
Notably, the analyst writes that electricity generation for U.S. combined cycle plants has grown at a …
Full story available on Benzinga.com
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