GE Aerospace initiated with a Buy at Vertical Research

Vertical Research analyst Robert Stallard initiated coverage of GE Aerospace with a Buy rating and $160 price target. The analyst views GE Aerospace as “most appealing” of the three mega-cap U.S. aerospace names. The company has the largest and highest quality exposure to the aerospace aftermarket, which generates 80% of operating profit, the analyst tells investors in a research note. Vertical thinks the stock “can still work from here.”