Jefferies raised the firm’s price target on GE Aerospace to $185 from $180 and keeps a Buy rating on the shares. Despite the firm’s revenue estimate coming down 1% to now reflect the roughly 7 per month production cut of LEAP aircraft, Q1 profitability came in ahead of schedule and the firm is raising its 2024 operating profit forecast by 1% to $6.55B for 17.9% margins as the “curtains close on consolidated GE.”
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