GE Aerospace Stock Has 19% Upside, According to 1 Wall Street Analyst
GE(GE) The Motley Fool·2024-04-05 16:25
The new company's growth is just getting started.GE Aerospace (GE 1.22%) stock has performed exceptionally well since becoming a separate company. A Barclays analyst recently set a $175 price target and an "overweight" rating on the stock, indicating a nearly 19% upside over the next 12 months.The bullish case for GE AerospaceThe analyst is optimistic about GE Aerospace's long-term profit growth and cash generation potential. The aircraft engine business model involves initially selling engines at a loss, f ...