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Jefferies raises GE Vernova PT on stronger valuations compared to peers

ReutersSep 12, 2025 10:31 AM

** Jefferies raises price target for power equipment maker GE Vernova GEV.N to $668 from $658

** New PT represents upside of 5.3% to the stock's last closing price

** Brokerage raises price target, citing higher valuation multiples among peers - specifically free cash flow yield and core profit - even as its estimates were slightly lowered

** Jefferies sees rising demand for power infrastructure and a scaled-back wind business driving margins well above Street expectations as GEV completes its turnaround

** "Wind clearly weakening with GEV pointing to lower margins year-on-year in FY26 and taking further cost out through workforce reduction" -Jefferies

** 23 out of 34 brokerages rate the stock "Buy" or higher and 11 "Hold"; their median PT is $692 - data compiled by LSEG

** As of last close, GEV shares up 92.8% YTD

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