General Electric initiated with a Buy at Deutsche Bank

Deutsche Bank initiated coverage of General Electric with a Buy rating and $141 price target. The analyst says GE is a “beat and raise story with a catalyst rich outlook, deep moats, and a strong management team.” The firm thinks the stock is well positioned to outperform, even after the big year-to-date rally, given the company’s “robust” install base, increasing returns to scale at GE Aerospace, improving profitability on LEAP and quarterly proof points on the turnaround story at Vernova.