Why Shares in GE Aerospace Surged Higher Today
GE Aerospace's (NYSE: GE) shares were up by 6% at 11:30 a.m. ET today. The company, formerly General Electric, rose after a few updates from heavyweight financial firms.
Wall Street analysts will likely be busy with GE Aerospace, as it's no longer part of a multi-industry industrial company but now a stand-alone aerospace and defense company. That often means aerospace analysts will cover the stock rather than industrial experts.
As such, a analyst assumed coverage of the company with a $185 price target and an overweight rating.
Source Fool.com
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