GE Aerospace price target lowered to $148 from $180 at JPMorgan

JPMorgan lowered the firm’s price target on GE Aerospace to $148 from $180 and keeps an Overweight rating on the shares. With GE Aerospace and GE Vernova now set to trade as separate entities, the firm updated the price target for GE Aerospace to reflect the spin. The analyst thinks a premium multiple is justified given GE’s “dominant positions” in the narrow-body and wide-body markets, its strong balance sheet, and the fundamental appeal of aftermarket exposure. Other aerospace stocks are also trading at high multiples, the analyst tells investors in a research note.