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M&T Bank Corp Boosts Holdings in GE Vernova Inc. $GEV
M&T Bank Corp increased its stake in GE Vernova Inc. by 8.5% in the fourth quarter, now owning 42,607 shares valued at $27.85 million. This increase follows GE Vernova’s strong Q1 results, including $9.34 billion in revenue, significant AI-linked orders, and share buybacks, leading to positive analyst sentiment and raised price targets. The company’s stock performance reflects this growth, with analysts maintaining a “Moderate Buy” rating.