Jefferies raised its price target for GE Vernova (GEV). The new target is $1,185, up from $1,155. The firm maintains a "Buy" rating on the stock.
An improved outlook for the company's gas services business drove the upward revision. Analysts adjusted models for higher pricing and increased activity levels.
The positive view expects GE Vernova's large installed base of gas turbines to generate significant recurring revenue.
Jefferies noted several potential catalysts for the stock. These include strong third-quarter 2026 results. Updated long-term guidance is another catalyst. These factors could lead to higher earnings expectations from investors.