GE Aerospace price target raised to $175 from $165 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on GE Aerospace to $175 from $165 and keeps an Outperform rating on the shares. The company is delivering on investor expectations of the standalone company as it is generating low double digit revenue growth, expanding margins, and converting free cash flow at greater than 100% of adjusted net income despite the supply chain constraints, the analyst tells investors in a research note.