GE Vernova shares are trading higher after BMO Capital initiated coverage on the stock with an Outperform rating and announced a price target of $245. Also, Morgan Stanley raised its price target from $220 to $256.
Portfolio Pulse from Benzinga Newsdesk
GE Vernova shares rise as BMO Capital initiates coverage with an Outperform rating and a $245 price target. Morgan Stanley also raises its price target from $220 to $256.
September 13, 2024 | 2:19 pm
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POSITIVE IMPACT
GE Vernova shares are trading higher following positive analyst actions. BMO Capital initiated coverage with an Outperform rating and a $245 price target, while Morgan Stanley increased its price target from $220 to $256.
The initiation of coverage by BMO Capital with an Outperform rating and a significant price target of $245 is a strong positive signal for investors. Additionally, Morgan Stanley's decision to raise its price target from $220 to $256 further reinforces the positive outlook on GE Vernova's stock. These actions are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100