GE Vernova Brand logo By Quality Stock Arts GE Vernova (GEV) shares tanked on Monday after GLJ Research analyst Gordon Johnson initiated coverage of the energy equipment giant with a "Sell" rating. In his research note, Johnson announced an alarmingly bearish $470 price target, indicating GEV could be cut in half from its previous close over the next 12 months. GLJ's report arrives as GE Vernova stock is already in a downtrend, currently trading about 25% below its year-to-date high. More News from Barchart Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices. Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting' The EV Bubble Has Burst. How to Play Rivian Stock Now.
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