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GE Aerospace Soars on Bullish Analyst Updates and Recovery Tailwinds

GE Aerospace Soars on Bullish Analyst Updates and Recovery Tailwinds
GE Aerospace Soars on Bullish Analyst Updates and Recovery Tailwinds

GE Aerospace's Strong Outlook Drives Stock Surge

Shares of GE Aerospace (NYSE: GE) climbed by 6% after receiving positive analyst updates. The company's transition to a standalone aerospace and defense entity has attracted attention from analysts who specialize in the sector.

Analyst Coverage and Price Targets

Barclays initiated coverage with an overweight rating and a $185 price target, while Deutsche Bank adjusted its price target to $190 after accounting for the spinoff of GE Vernova (NYSE: GEV). Despite the lower target, Deutsche Bank's analysis suggests a 31% premium to the current price, indicating bullish sentiment.

Commercial Aerospace Recovery

The commercial aerospace industry is experiencing a steady recovery, driving demand for GE Aerospace's products and services. The company's joint venture with Safran, CFM International, is ramping up production of its popular LEAP engines, which power narrow-body aircraft such as the Airbus A320 neo and Boeing 737 MAX.

Market Share Gains

Concerns about potential contamination in Pratt & Whitney's gea

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