BofA raised the firm’s price target on General Electric to $105 from $96 and keeps a Buy rating on the shares after raising the firm’s 2024/25 estimates following GE‘s investor day, citing mainly a better revenue and margin outlook for Aerospace. GE’s Aerospace 2025 operating profit guidance of $7.6B-$8B was "well above" the firm’s prior $6.3B estimate, BofA noted.
Published first on TheFly
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