Jefferies raises GE Aerospace's PT, cites growth potential
BUZZ-Jefferies raises GE Aerospace's PT, cites growth potential ** Jefferies raises price target on aircraft engine maker GE Aerospace GE.N to $455 from $365; reiterates "buy" rating
** New PT represents a ~21% premium to stock's last close
** Shares of the company were up more than 1% in morning trading
** Brokerage expects the increase in jet fuel prices to be confined to one quarter and does not foresee any meaningful impact on earnings this year or next, assuming current conditions persist
** Jefferies raises GE's forecast for LEAP engine deliveries to 2,155 units, up 20% from 2025, compared with GE's guidance of 15% growth
** Median PT of 24 brokerages covering the stock is $362 - data compiled by LSEG
** Including session moves, stock up ~22% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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