Goldman Sachs Assumes GE Aerospace (GE) at Buy

Goldman Sachs analyst Noah Poponak assumes coverage on GE Aerospace (NYSE: GE) with a Buy rating and a price target of $190.00.

The analyst comments "We assume coverage of GE with a Buy rating and 12-month price target of $190. GE has high market shares in the aerospace engine oligopoly. Engines have great long-term cash flow characteristics with recurring revenue and pricing power in a long-term secular growth market. The LEAP in particular is set to become multiples larger than any other engine in the market. Overall aftermarket units and price look strong in the medium-term."

For an analyst ratings summary and ratings history on GE Aerospace click here. For more ratings news on GE Aerospace click here.

Shares of GE Aerospace closed at $156.52 yesterday.

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