GE Vernova Sinks 9% as GLJ Research Starts at Sell With $470 Target; Eaton Drops 7%, Quanta Services Falls 4%
The analyst called the stock a cyclical gas-turbine maker priced like a secular compounder as GE Vernova fell 9% and dragged peers lower.
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7 Articles
GE Vernova Sinks 9% as GLJ Research Starts at Sell With $470 Target; Eaton Drops 7%, Quanta Services Falls 4%
A fresh sell rating with a price target nearly half the current stock price just landed on one of Wall Street's favorite power plays, and it is dragging the entire grid infrastructure sector down with it.
GLJ Research Initiates GE Vernova (NYSE: GEV) With Sell Rating And $470 Target, Sending Shares Down 4.8%
GE Vernova (NYSE: GEV) dropped 4.8% in pre-market trading after GLJ Research initiated coverage of the energy and power equipment company with a Sell rating. GLJ Research assigned a price target of $470, representing one of the most cautious stances among analysts currently covering the stock. The initiation stands in sharp contrast to the generally […]
GE Vernova (GEV) Stock Gets Slammed – AI Fears Plus a Brutal New Rating
TLDR GEV fell 8.6% on Monday to $874.66, far underperforming the S&P 500’s 0.5% drop Anthropic CEO Dario Amodei and other AI leaders called for a global slowdown in AI development GLJ Research’s Gordon Johnson initiated coverage with a Sell rating and a Street-low $470 price target Johnson’s 2027...
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