GE Aerospace assumed with an Overweight at Barclays

Barclays assumed coverage of GE Aerospace with an Overweight rating and a price target of $175, down from $181. GE is unique among its large cap peers as an aftermarket play with expanding share along with upside to margin and capital deployment targets, the analyst tells investors in a research note. The firm adds that it expects the company’s free cash flow to benefit from CSA, or customized service agreement, cash payments on LEAP engines running well ahead of costs for several years.