GE Aerospace price target raised to $201 from $191 at UBS

UBS raised the firm’s price target on GE Aerospace to $201 from $191 and keeps a Buy rating on the shares. The firm sees earnings and valuation upside for the stock, driven by the company’s 100% EBIT exposure to recurring aerospace aftermarket and dominant narrowbody engine position, the analyst tells investors in a research note. Given the mid- to high- single digit pricing, strong flight activity, and an increasing number of engine shop visits, the firm is modeling a five-year 13% CAGR in the margin-accretive aftermarket, UBS added.