GE Vernova stock drops 4% even after Baird upgrade as $2.6 billion note sale lands
GE Vernova shares fell 4.4% to $746.22 Wednesday despite Baird upgrading the stock to “Outperform” and raising its price target to $923. The company closed a $2.6 billion senior notes offering to help fund its $5.3 billion acquisition of Prolec GE. Trading volume reached 5 million shares.