On July 27, GE Aerospace rose 3.12% in regular trading, trading at $362.735/share, with turnover of $143 million.
On the news front, Deutsche Bank raised its price target on GE Aerospace from $442 to $450, maintaining a Buy rating. This follows a wave of upgrades from multiple investment banks including JPMorgan (raised to $400 from $335), Bernstein (raised to $421 from $405), and Argus (raised to $395 from $355). The consensus mean target price now stands at $400.29, well above current trading levels.
The bullish sentiment is underpinned by GE Aerospace's historic performance at the Farnborough International Airshow, where the company secured commitments for approximately 1,800 engines, including its largest LEAP agreement ever with IndiGo. Additional orders included GEnx engines for 15 AerCap Boeing 787 Dreamliners, 30 CFM LEAP spare engines from BBAM, and a $1 billion engine maintenance financing program launched with UK Export Finance.
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