Why GE Venova Stock Topped the Market Today

GE Venova (NYSE: GEV) stock notched a clear win on Monday, as its price closed the trading session more than 7% higher. Investors piled into the engineering sector veteran following a pre-earnings price target raise from an analyst. The stock's performance was notably better than that of the bellwether S&P 500 index, which rose by 1.6%.Before market open that day, Susquehanna prognosticator Charles Minervino upped his price target on GE Venova to $740 per share from his preceding $736. Although he changed his fair value assessment on the stock, he maintained his existing buy recommendation, which was and is positive (i.e., buy). Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool