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Why Shares in GE Aerospace Surged Higher Today

TheMotleyFool

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Why Shares in GE Aerospace Surged Higher Today: https://g.foolcdn.com/editorial/images/771693/great-best-top-stocks-to-buy-in-2024.jpg

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