GE Vernova Sinks 9% as GLJ Research Starts at Sell With $470 Target; Eaton Drops 7%, Quanta Services Falls 4%

GE Vernova shares fell 9% to $873.89 in midday trading after GLJ Research initiated coverage with a Sell rating and a $470 price target. The target implies roughly 46% downside from the reported share price, creating a materially bearish analyst catalyst for the stock.