Is General Electric Stock Going to $200? 1 Wall Street Analyst Thinks So [Yahoo! Finance]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Yahoo! Finance
That's the view of Wells Fargo analyst Matthew Akers, who recently upgraded GE's price target from $177 to $200. Akers maintained an "overweight" rating on the stock. General Electric has a path to higher margins In Akers's view, GE has the potential to cut costs significantly in the coming years thanks to the spinoff, which should result in higher margins down the line. As a smaller company, there's an obvious opportunity to cut down on corporate costs, and its GE Aerospace segment is set to move into a cash-flow generative space as revenue from servicing LEAP engines starts to kick in. In addition, Akers believes GE Vernova is worth around $34 per GE share, a relatively high estimate compared to other Wall Street analysts. How GE Vernova is trading now The excellent news is that Akers's GE Vernova estimate is close to the mark. Whole GE Vernova hasn't begun "regular way" trading yet, but it began trading on a "when issued" basis under the ticker "GEV WI" on March 27. At
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