GE Aviation could be overvalued, bearish analyst says [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Seeking Alpha
GE Aviation could be overvalued, bearish analyst says Jan. 24, 2020 3:46 PM ET | General Electric Company (GE) Carl Surran J.P. Morgan's Stephen Tusa raises a new issue -0.4% Tusa believes spare engine sales account for ~15% of GE's recent engine sales - a higher than normal percentage of sales - and he thinks spare-engine sales could drop to about half of recent levels as demand wanes from aircraft lessors. "Given the greater involvement of lessors, the pool has become more flexible and productive, an essential sharing deal for airlines... [and an] argument for a future that has a lower amount of spares as a percentage of the fleet," writes Tusa, who maintains his Underweight rating on GE shares. Fewer spares means less volume for engine makers, and there is a potential price impact as lessors step back from the spares market, explains Al Root at Barron's Click to subscribe to real-time analytics on GE Now read: FAA to tell airlines MAX approval could come before mid-year - Reuters
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News
- Cargill leans on regenerative agriculture and generative AI to feed the planet [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- General Electric (NYSE: GE) had its price target raised by analysts at Bank of America Co. from $165.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- Rising Demand Likely to Aid GE HealthCare's (GEHC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an "outperform" rating on the stock.MarketBeat
GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website