GE Aerospace (GE) PT Raised to $260 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the price target on GE Aerospace (NYSE: GE) to $260.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "We toured GE Celma in Brazil w/ CFO Rahul Ghai, VP of Assembly, Test, & MRO Farah Borges and Head of IR Blaire Shoor. Key takes: 1) Celma's 25% of GE overhauls w/ 600/yr, expanding to >1K/yr with LEAP buildout online in '26; 2) Mid-innings of lean journey, but crown jewel of TATs w/ 3 yr target of 60 days vs 90+ today; 3) In-house repair capability offers ~50% savings vs new material; and 4) Engine removals +DD in '25 and '26, adding to full parking lots."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)