Why GE Vernova Stock Leaped Nearly 7% Higher Today
An analyst initiated coverage of the high-profile engineering company.
Why GE Vernova Stock Leaped Nearly 7% Higher Today
Overview
A new analyst has joined the ranks of GE Vernova (NYSE: GEV) trackers, and her bullish initiation of coverage helped lift the engineering company's stock on Wednesday. It flew nearly 7% higher, on an otherwise dim day for the market that saw the S&P 500 index dip by 1.2%.
The initiating party was Bernstein SocGen Group's Sunaina Ocalan, who launched her coverage of GE Vernova with an unambiguous outperform (buy) recommendation. She also set her price target for the industrial stock at $1,206 per share, nearly 15% above its most recent closing price.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
