General Electric price target raised to $180 from $155 at Jefferies

Jefferies raised the firm’s price target on General Electric to $180 from $155 and keeps a Buy rating on the shares ahead of the company hosting Investor Days for Vernova and Aerospace on March 6 and 7 in advance of the spin planned in April. The firm values Aerospace at $146 per share on a raised EBITDA multiple given its cash capacity; Vernova at $25 per share on a higher multiple to account for visibility and the electrification theme; GEHC and AerCap at $5 per share; and 2025 net cash at $4 per share to arrive at its $180 GE price target.