Reported 1 day ago
RBC Capital Markets has downgraded GE Vernova, Inc. (GEV) from Outperform to Sector Perform, noting that the stock's positive long-term outlook is already reflected in its price. The downgrade reflects concerns over potential revenue slowdowns in the company's core power operations by the decade's end, despite anticipated growth in demand. RBC set a price target of $605 for GEV, slightly below market expectations, and forecasts revenue figures that may fall short of current projections.
Source: YAHOO