Posted 4/3/2024, 4:30:59 PM
GE Aerospace Shares Surge on Bullish Analyst Calls Amid Aviation Recovery
- GE Aerospace shares surged 6% after positive analyst updates from Barclays and Deutsche Bank
- Barclays set a $185 price target and overweight rating on GE Aerospace stock
- Deutsche Bank lowered its price target from $210 to $190 due to the GE Vernova spinoff, but the new target still implies 31% upside
- Analysts are bullish on GE Aerospace's prospects in the commercial aerospace recovery and growth of its CFM International LEAP engine joint venture
- GE Aerospace can grab market share from competitor RTX due to issues with Pratt & Whitney's engines for the A320neo
