Bernstein analyst Douglas Harned maintained a Buy rating on GE Aerospace yesterday and set a price target of $254.00.
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Douglas Harned has given his Buy rating due to a combination of factors that suggest a positive outlook for GE Aerospace. One of the key reasons is the anticipated growth in LEAP engine deliveries, which are expected to increase by 15-20% this year. This growth is seen as a foundation for long-term expansion and aligns with investor sentiment.
Additionally, there are positive trends in the aftermarket sector, particularly in spare parts and maintenance, repair, and overhaul (MRO) activities, which are significant contributors to earnings growth. The company is also expected to maintain strong performance in the widebody engine aftermarket. While the current earnings and price targets remain unchanged, the outlook for 2025 and beyond is optimistic, with expectations of outperforming consensus estimates in 2026 and later.
In another report released today, Barclays also maintained a Buy rating on the stock with a $230.00 price target.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GE in relation to earlier this year.