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Bank of America Raises GE Vernova Price Target Amid Rare Earth Supply Strategy
Bank of America Raises GE Vernova Price Target Amid Rare Earth Supply Strategy
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BTCCSquare news:
GE Vernova's proactive response to China's rare earth export restrictions has drawn bullish analyst sentiment. Bank of America lifted its price target to $804 from $725, citing the firm's strategic yttrium stockpiling and upgraded 2028 guidance projecting $52 billion revenue with 20% EBITDA margins.
The energy technology firm's expanded gas power capacity and $200 billion backlog projection by 2028 demonstrate institutional confidence in infrastructure growth. While no direct cryptocurrency link exists, the supply chain dynamics echo blockchain industry challenges in semiconductor sourcing and geopolitical dependencies.
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