GE Aerospace Stock Has 14% Upside, According to 1 Wall Street Analyst
GE Aerospace (NYSE: GE) received a slew of upgrades following its first-quarter earnings report, including one from Bank of America analyst Ronald Epstein, who raised the price target to $180 from $165 while maintaining a buy rating.
The target represents a 14% upside from the current price. According to The Fly, it reflects GE's "unique portfolio" of assets, including narrow and widebody aircraft, original equipment manufacture (OEM) and aftermarket, and legacy and next-generation airplane platforms.
It's a fair assessment, and the strength of the company's broad-based exposure shone through in the first-quarter earnings report and guidance. In the results, some investors were concerned about the impact of the slowdown of deliveries at on aerospace suppliers. GE Aerospace's joint venture with Safran, CFM International, makes the LEAP engine -- the sole engine option on the Boeing 737 MAX.
Source Fool.com
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