HSBC Downgrades GE Vernova to Hold, Raises Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Sean McLoughlin has downgraded GE Vernova from Buy to Hold, while raising the price target from $240 to $255.
October 04, 2024 | 9:39 am
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HSBC has downgraded GE Vernova from Buy to Hold, indicating a more cautious outlook, but has raised the price target to $255, suggesting potential for price appreciation.
The downgrade from Buy to Hold suggests a more cautious stance by HSBC, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $255 indicates potential for future price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100