BUZZ-Street View: GE Aerospace's expansion hinges on jet engine deliveries

GE Aerospace GE.N on Thursday forecast stronger 2025 profit, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production

Median PT of 20 brokerages covering stock is $215 - LSEG data

ENGINES LEADING THE WAY

J.P.Morgan ("overweight," PT: $210) sees significant increase in Leading Edge Aviation Propulsion (LEAP) engine deliveries in 2025, following production shortfall in 2024

Airbus' AIR.PA need for engines and Boeing BA.N strike seen as opportunities to divert LEAP-1B engines, which are designed for Boeing 737 MAX, thereby increasing sales per engine, JPM said

RBC ("outperform," PT: $220) is cautious about increasing LEAP original equipment deliveries, but recent certification of improved LEAP-1A high-pressure turbine blade is positive sign

BofA Global Research ("buy," PO: $200) expects profitability of LEAP program to start in 2025, along with growth in aftermarket services

Citigroup ("buy," PT: $216) expects supplier constraints to gradually ease as labor productivity improves with time, moving further away from pandemic era