Jefferies raises PT on GE Vernova on ability to weather tariffs

Jefferies raises PT on U.S.-based power equipment maker GE Vernova GEV.N to $418 from $413 — now a 27.5% upside to stock's last close

Brokerage says they could see tariffs weigh on costs, but expect GEV to at least partially pass on pricing

*Jefferies says Vernova said at a recent conference that less than 5% of materials are purchased from China, Mexico and Canada

Brokerage says higher steel input costs will presumably have an effect already in 2Q25 results

Says other tariff impacts could still take some time to be reflected; says corresponding supply chain and logistics issues to be watched

26 of 32 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $405 - data compiled by LSEG

Up till last close, stock down 3.2% YTD