Analyzing GE Aerospace's Potential Upside with Boeing's Progress
Monday, 22 April 2024, 19:02
Overview
Investors' concerns over the impact of Boeing's delivery delays may be overdone. An RBC Capital analyst recently raised his price target on GE Aerospace (NYSE: GE) stock from $160 to $165 and maintained his overweight rating. The update implies a 9.3% upside on the stock over the next 12 months.
Implications on Aerospace Market
- The OEM side of the aerospace market may face short-term setbacks due to Boeing's disruptions.
- GE Aerospace's LEAP engine production forecast could be adjusted following Boeing's production issues.
- Longer lifespan of existing aircrafts may boost GE Aerospace's aftermarket revenue.
Investor Considerations
- Short-term OEM challenges may not impact long-term investment decisions.
- GE Aerospace's profit potential could increase if LEAP production slows down in the near term.
- Boeing's commitment to production growth indicates a positive outlook for GE Aerospace.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.