Why GE Aerospace Is Losing Altitude Today
A prominent Wall Street analyst has some doubts about GE Aerospace's (NYSE: GE) current quarter, and investors are taking note.
Shares of GE Aerospace traded down 4% as of 11:30 Eastern after JPMorgan Chase cut its second-quarter sales estimate to an analyst-low $8.4 billion.
GE Aerospace is the last remaining part of the one-time industrial conglomerate now that the healthcare and energy assets have been spun off as independents. The company is a major producer of aircraft engines and other components.
Source Fool.com
JPMorgan Chase & Co. Stock
€311.80
0.550%
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 303 € is below the current price of 311.8 € for JPMorgan Chase & Co., so the potential is actually -2.82%.
