GE Upgraded by JPMorgan on Improved Business Fundamentals and Long-Term Growth Outlook
• GE held investor days for its Vernova and Aerospace businesses which were well received
• A JPMorgan analyst upgraded GE's price target to $180 from $166 and rating to overweight
• Upgrade based on improved management, business models, and market positioning
• GE Vernova has stable cash flows and growth opportunities in electrification
• GE Aerospace's joint venture CFM International can generate service revenue for decades