HSBC analyst Sean McLoughlin downgrades $GE Vernova LLC (GEV.US)$ to a hold rating, and adjusts the target price from $240 to $255.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 21.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Vernova LLC (GEV.US)$'s main analysts recently are as follows:
The entry rates and trends for 2025 could be of greater significance than updates for the second half of 2024 in the context of the multi-industry group's third-quarter preview. The outlook for industrial capital expenditures appears to be lethargic, accompanied by bottoming residential trends.
GE Vernova management has consistently communicated its dedication to the Offshore Wind business, despite plans to reduce the scale of operations as the sector experiences a period of recalibration. There is a belief that there remains significant potential for the company's shares, particularly as it is situated at the beginning of a cycle of increased spending in power. Additionally, the anticipation of additional growth and margin improvement is expected to materialize in the subsequent quarters and years.
Note:
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