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Investing.com - Citi has raised its price target on GE Aerospace (NYSE:GE) to $309.00 from $296.00 while maintaining a Buy rating on the stock. Currently trading at $266.55, GE maintains a strong Buy consensus among analysts, with an average target ranging from $196.11 to $321.00. According to InvestingPro data, six analysts have recently revised their earnings expectations upward for the upcoming period.
The price target increase follows GE Aerospace’s better-than-expected second-quarter results and an increase in its fiscal year 2025 guidance, which the company attributed to positive order trends and a less bearish macroeconomic outlook than previously indicated after the first quarter. The company’s strong performance is reflected in its impressive 56.57% year-to-date return and 64.97% gain over the past year.
GE Aerospace has also revised its 2028 targets, which now suggest a compound annual growth rate exceeding 10% for revenue, EBIT, and free cash flow over the next several years, according to Citi’s analysis.
Despite GE Aerospace shares trading down approximately 2% following the announcement, Citi highlighted several positive factors supporting its Buy rating, including healthy mid-single-digit flight hour growth at customers, retirement rates tracking below assumptions in the 2028 targets, and improvements in supply chain and productivity.
Additional factors cited by Citi include robust price/cost dynamics that appear likely to offset potential tariff impacts, expanding MRO (maintenance, repair, and operations) capacity, and rising global defense spending.
In other recent news, General Electric (GE) Aerospace’s financial results for the second quarter of 2025 were released through a filing with the Securities and Exchange Commission, although specific performance details were not disclosed. UBS has raised its price target for GE Aerospace to $321, maintaining a Buy rating, citing strong market demand and the company’s conservative guidance. TD Cowen also increased its price target to $300 after GE revised its 2028 EBIT target to $11.5 billion, highlighting potential upside in the 2025 guidance. Bernstein reaffirmed its Outperform rating with a target of $254, noting improvements in LEAP engine deliveries and positive trends in spare parts and maintenance activities. The firm expects LEAP deliveries to grow by 15-20% this year, despite acknowledging potential challenges. GE’s aftermarket performance remains strong, with projections for profitability improvements by 2028. Additionally, GE Aerospace’s outlook includes a gradual rise in CFM56 shop visits, peaking in 2027. These developments reflect ongoing confidence in GE Aerospace’s market position and future growth potential.
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