RBC Capital raised the firm’s price target on GE Aerospace to $190 from $175 and keeps an Outperform rating on the shares. The company posted “strong” Q2 results as its services performance offset supply chain challanges, the analyst tells investors in a research note. GE Aerospace margins were also helped by soft LEAP deliveries, RBC states, adding that it continues to see some conservatism in the management’s second-half outlook, though the guidance raise will continue to support the “very positive sentiment” on the name.
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