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GE Vernova Shares Fall 2% As RBC Downgrades To Sector Perform

Shares of GE Vernova Inc. (NYSE: GEV) fell more than 2% Wednesday after RBC Capital downgraded the stock to Sector Perform from Outperform and cut its price target to $605 from $631.

RBC said the company continued to benefit from strong demand in energy generation and distribution, along with favorable pricing and productivity gains. However, analysts argued these positives were already reflected in the stock’s valuation and consensus forecasts through the decade.

The $605 target was based on 13 times RBC’s 2030 EBITDA forecast of $12.2 billion, about 4% below consensus estimates.

Published on: October 1, 2025