** 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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