GE Vernova (NYSE:GEV) Given New $367.00 Price Target at Morgan Stanley

GE Vernova (NYSE:GEV) had its target price boosted by Morgan Stanley from $301.00 to $367.00 in a research report released on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Jefferies Financial Group raised their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Barclays increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. HSBC reissued a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, Bank of America increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Trading Up 1.1 %

Shares of GE Vernova stock traded up $3.72 during trading on Friday, reaching $329.76. 2,931,274 shares of the stock traded hands, compared to its average volume of 3,524,734. GE Vernova has a 52-week low of $115.00 and a 52-week high of $349.79. The business has a fifty day simple moving average of $273.49 and a two-hundred day simple moving average of $208.44.

Institutional Trading of GE Vernova

A number of institutional investors have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $27,000.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.