GE Vernova: Jefferies confirms buy rating

Published: 2025-04-28 09:23:16 ET GEV

Jefferies maintains its buy rating on GE shares, with an unchanged target price of $240, after GE Vernova announced that it is maintaining its 2025 forecasts, despite the inclusion of $0.5bn in tariffs (offset by cost controls and surcharges).The group has raised its 2025 EBIT target to $8.34bn, up from an unchanged target of $7.8bn-8.2bn, buoyed by the momentum of the CES (Commercial Engines and Services) division, which recorded 17% growth in services in the first quarter with a record margin of 27.5%.In addition, the CES order book exceeds $140bn and deliveries of DPT (Defense and Propulsion Technologies) engines rose 5%, supporting a 1% increase in revenue in a difficult environment. Copyright (c) 2025 CercleFinance.com. All rights reserved.The information and analyses published by Cercle Finance are provided solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of such information and analyses by readers. Anyone who is not an expert in the field should consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.