GE Aerospace shares rise after brokerages lift price targets

** Shares of GE Aerospace GE.N were up 1.3% and bucking the trend in the broader market on Fri as several brokerages including Citigroup raised their price targets on the stock a day after the company reported quarterly results

** On Thurs, GE Aerospace lifted its profit outlook and CEO Larry Culp said the company's efforts to fix supply constraints are showing results and driving up jet engine deliveries. The company expects tariffs to cost it about $500 mln this year

** The stock ended Thurs down 2.2%

** Citigroup, which raised its PT on the stock to $309 from $296, said the shares traded down the day before "on high expectations related to the EBIT target." But the analysts were still upbeat on the stock, citing, among other things, improvement in the supply chain and productivity, and they noted that "price /cost dynamics remain robust and look likely to offset potential tariff impacts"

** Deutsche Bank, UBS and JPMorgan also raised their PTs on the stock

** The median 12-mo PT on the stock is now at $280, according to LSEG data. The stock was last at $263.60

** Analyst recommendations include 16 "strong buy" or "buy" ratings and four "hold" ratings

** GE is up about 58% YTD compared with a roughly 7% gain in the S&P 500 .SPX in that period