BofA lowered the firm’s price target on GE Aerospace (GE) to $165 from $175 and keeps a Buy rating on the shares with the company now officially a stand-alone pure-play Aerospace & Defense engine supplier following the April 2 spin of GE Vernova (GEV). The firm continues to view GE as a “premier opportunity to play both the Commercial OE ramp, as well as Aftermarket in the current commercial aerospace cycle,” noting that it is updating its model to reflect GE Aerospace as a standalone company.
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