BUZZ-GE Vernova rises after BMO Capital Markets hikes PT on stock

Reuters

2025/07/08

BUZZ-<a href="https://laohu8.com/S/GEV">GE Vernova</a> rises after BMO Capital Markets hikes PT on stock

** Brokerage BMO Capital Markets raises PT on power equipment maker GE Vernova GEV.N to $590 from $522, maintains "outperform" rating

** New PT implies an upside of more than 11% to stock's last close

** Shares rise 1.1% to $536.50 premarket

** Brokerage remains constructive on GEV's service growth revenue beyond 2030 based on co's long-term service agreements on gas turbine equipment orders

** "By 2035 GEV will drive nearly 2.5 times the amount of annual long-term service revenue compared to what it recognized in 2024 at nearly 1000bps higher gross margins" - BMO

** 25 brokerages rate the stock "buy" and higher, 8 "hold"; median PT is $506.31

** Stock up 61.21% YTD, as of Monday's close

(Reporting by Ankita Yadav in Bengaluru)

((Ankita.Yadav@thomsonreuters.com;))

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median PT is $506.31</p><p>** Stock up 61.21% YTD, as of Monday's close</p><p>(Reporting by Ankita Yadav in Bengaluru)</p><p>((Ankita.Yadav@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823414478.USD","symbol_name":"法巴经典能源转换基金","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250708:nL4N3T50UN:1","article_id":"2549854265","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549854265","pubTimestamp":1751977502,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-GE Vernova rises after BMO Capital Markets hikes PT on stock** Brokerage BMO Capital Markets raises PT on power equipment maker GE Vernova GEV.N to $590 from $522, maintains \"outperform\" rating** New PT implies an upside of more than 11% to stock's last close** Shares rise 1.1% to $536.50 premarket** Brokerage remains constructive on GEV's service growth revenue beyond 2030 based on co's long-term service agreements on gas turbine equipment orders** \"By 2035 GEV will drive nearly 2.5 times the amount of annual long-term service revenue compared to what it recognized in 2024 at nearly 1000bps higher gross margins\" - BMO** 25 brokerages rate the stock \"buy\" and higher, 8 \"hold\"; 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