HSBC Upgrades GE Vernova to Buy, Raises Price Target to $1,100
HSBC raised its price target from $1,040 to $1,100, citing gas demand and a less risky outlook for the wind business.
GE Vernova (GEV) drew investor attention on Friday after HSBC upgraded the stock to ‘Buy’ from ‘Hold,’ saying the breadth of gas demand supports the company’s resilience in 2027 and its wind division “looks largely derisked” and is “past the worst.”HSBC raised its price target to $1,100 from $1,040…