Vertical Research Partners Starts GE Aerospace (GE) at Buy

Vertical Research Partners analyst Jeffrey Sprague initiates coverage on GE Aerospace (NYSE: GE) with a Buy rating and a price target of $160.00.

The analyst comments "With the Vernova split complete, we are initiating coverage of GE Aerospace (GE) with a Buy rating. While the stock has been on a tear over the last year (+79%), we think it is still the most appealing of the three mega-cap US aerospace names. It has the largest and highest quality exposure to the aerospace aftermarket, which we estimate generates ~80% of operating profit. Whilst there is still some non-core baggage and the valuation is lofty, we think the stock can still work from here."

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 $145.62 yesterday.

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