Brokerages lift GE Aerospace PT on strong outlook
Brokerages raise GE Aerospace GE.N PT in record engine deliveries, strong Q3 earnings and improved full-year outlook
Jefferies says co's margin strength reflects disciplined execution, strong demand and strategic investments that continue to drive operating leverage and long-term earnings power
J.P.Morgan notes GE's raised LEAP engine delivery outlook and resilient margins reflect strong execution and supply chain progress
However, cautions that material constraints remain a key challenge as demand accelerates
Shares of the company up nearly 1% at $306 premarket
Average of 18 brokerages rate the stock "hold"; their median PT is $345 - data compiled by LSEG
As of last close, stock had risen 82.2% YTD
Brokerages | New PT | Old PT | Upside from the stock's last close |
Jefferies | $365 | $350 | 20.1% |
J.P.Morgan | $325 | $275 | 7% |
BofA Global Research | $365 | $310 | 20.1% |
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