** Morgan Stanley raises price target for power equipment maker GE Vernova GEV.N to $960 from $817

** Shares of GE Vernova up 6.5% at $906.30 in morning trade

** New PT represents an upside of 12.8% to the stock's last close on Friday

** "Latest data points screen positive on turbine demand, pricing, and medium-term electrification trends and we see upward estimate revision potential on 2030 consensus," says Morgan Stanley

** Brokerage says it is increasingly bullish on gas services over the next decade and believes the opportunity is not yet priced into the stock

** Expects other businesses to support growth, led by Electrification, where orders are outpacing revenue by $6–9 billion annually and backlog is seen doubling to $60 billion by 2028

** 31 of 36 brokerages rate the stock "buy" or higher, and 5 "hold"; median PT is $885.50 - LSEG data

** Including session's moves, GEV up 38.7% YTD