GE Aerospace price target lowered to $160 from $180 at RBC Capital

RBC Capital analyst Ken Herbert lowered the firm’s price target on GE Aerospace to $160 from $180 and keeps an Outperform rating on the shares. The firm is updating its model following the completion of the company’s formal spin of GE Vernova, the analyst tells investors in a research note. RBC adds however that as the dust settles on what is now a high quality large cap A&D stock, sentiment will remain bullish as GE Aerospace benefits from a favorable mix and focus on industry fundamentals and capital allocation.