GE Vernova Sinks 9% as GLJ Research Starts at Sell With $470 Target; Eaton Drops 7%, Quanta Services Falls 4%

Quick Read GLJ Research hit GEV with a Sell rating and $470 target, calling it a cyclical business priced like a secular compounder while shares trade near $874. ETN fell 7% and PWR dropped 4% in sympathy as the GRID infrastructure ETF sank roughly 10 times harder than SPY's 0.4% decline. PWR, despite holding the largest YTD gain at 48%, fell the least, which points to the sell rating as the differentiator rather than a mechanical unwind of winners. Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor) GE Vernova (NYSE:GEV) stock is down 9% to $873.89 in midday trading Monday after GLJ Research initiated coverage with a Sell rating and a $470 price target.