All the market-moving Wall Street chatter from Thursday

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All the market-moving Wall Street chatter from Thursday

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ad sales last week. “META continues to ******** at arguably the best pace of any company in digital advertising, with little revenue deceleration despite facing very tough comps in 2H24,” wrote Barclays analyst Ross Sandler. Shares of the Magnificent Seven stock are 34% higher on the year. — Lisa Kailai Han Morgan Stanley upgrades GE Vernova General Electric’s energy spinoff is primed for strong gains ahead, according to Morgan Stanley. The bank upgraded GE Vernova to overweight from equal weight. Its price target of $220, up from $175, implies upside of 23% from Wednesday’s close. “We believe we are at the early stages of a multi-decade energy transition investment cycle that will require significant capital investment in gas power, renewables, and grid expansion/enhancement. GEV, in our view, is the purest way to gain exposure to all three of these investment opportunities,” analyst Andrew Percoco wrote. GE Vernova was spun off from General Electric in April, along with the conglomerate’s aviation business. Over the past three months, shares have climbed 17%. GEV 3M mountain GEV in past 3 months — Fred Imbert

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