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Benzinga
Benzinga
Business
Akanksha Bakshi

Wall Street Gets Bullish: New Analyst Targets Signal More Upside Ahead For GE Aerospace

Beavercreek,-,May,31,,2024:,Ge,Aerospace,Jet,Engine,Component

BofA Securities analyst Ronald J. Epstein reiterated a Buy rating on GE Aerospace (NYSE:GE) and raised the price target to $310 from $230, citing sustained operational momentum and upside potential in the company’s updated long-term outlook.

Epstein views GE’s raised 2025 and 2028 targets — including double-digit revenue CAGR, $11.5 billion in operating profit, and ~$8.5 billion in free cash flow — as strong yet still conservative, suggesting further upside is possible.

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