GE Vernova stock jumps 4% as Baird turns bullish and $2.6 billion bond deal settles
GE Vernova shares rose about 4% to $767.26 by midday Friday after Baird upgraded the stock to Outperform and raised its price target to $923. The company completed a $2.6 billion senior notes offering to help fund its acquisition of the remaining Prolec GE stake. The rebound follows a two-day slide that erased a recent winning streak. First-quarter earnings are scheduled for April 22.