Goldman Sachs Initiates Coverage On GE Vernova with Buy Rating, Announces Price Target of $154
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Joe Ritchie initiates coverage on GE Vernova (NYSE:GEV) with a Buy rating and a price target of $154.
April 16, 2024 | 10:27 am
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POSITIVE IMPACT
Goldman Sachs initiated coverage on GE Vernova with a Buy rating and set a price target of $154, indicating a positive outlook on the stock.
The initiation of coverage by a major financial institution like Goldman Sachs, especially with a Buy rating and a high price target, typically leads to increased investor interest and can drive the stock price up in the short term. The confidence level is high due to the influence Goldman Sachs has in the market and the specificity of the price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100