RBC Capital raised the firm’s price target on General Electric to $180 from $170 and keeps an Outperform rating on the shares. The company’s Aerospace investor day updated its 2024 and 2025 guidance, and provided a conservative medium-term 2028 outlook, along with a shareholder friendly 2024-2026 free cash flow and capital allocation framework, the analyst tells investors in a research note. The company has continued to de-risk the Leap durability issues, and remains very well positioned to continue to benefit from a very strong services outlook, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GE:
- General Electric (NYSE:GE) Jumps as GE Aerospace Makes Its Case
- GE Aerospace provides capital allocation framework as a standalone company
- GE Aerospace provides 2028 outlook
- GE Aerospace sees FY25 adjusted revenue growth low double digits
- GE Aerospace sees FY24 adjusted revenue growth low double digits or more