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.
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