Barclays raised the firm’s price target on GE Aerospace to $230 from $200 and keeps an Overweight rating on the shares. The firm believes the leading edge aviation propulsion aftermarket will generate much higher revenue and EBIT growth than currently expected, driving upside to GE’s 2028 EBIT target at $10B. The firm thinks the company GE can generate $10 in free cash flow per share by 2028.
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