GE Vernova (GEV) PT Raised to $391 at Jefferies

Jefferies analyst Julian Dumoulin-Smith raised the price target on GE Vernova (NYSE: GEV) to $391.00 (from $348.00) while maintaining a Buy rating.

The analyst comments "Positive Analyst Day with 2028 margins lifted to 14% from ~10% with mgmt discussing 16% in power & electrification. Leading edge indicators on slot reservations and data center interest in natural gas generation combine with tripling of electrification backlog yields long-term visibility to further strengthening. $6Bn repurchase plan, $8Bn cash on hand, & $14Bn+ 2025-2028 FCF as capital allocation meets lofty expectations. 6% FY28e FCF yield still reasonable."

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