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GE Aerospace (GE) Jumps 4% on Buy Reco, 29% Upside Potential [Yahoo! Finance]
Last general electric company earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
GE Aerospace rallied for a second day on Friday, jumping 3.95 percent to close at $299.81 apiece as investor sentiment was fueled by Citigroup's bullish stance in its first coverage about its stock. In a market report, Citigroup gave GE Aerospace (NYSE:GE) a “buy” recommendation with a price target of $386, marking a 28.75 percent upside potential from its latest closing price. Photo by Thisisengineering Raeng on Unsplash The coverage reflected the investment firm's confidence in GE Aerospace (NYSE:GE) in becoming a trillion-dollar company in as little as five years amid a number of megatrends and opportunities across the commercial aerospace, defense, shipbuilding, and space sectors. In other news, GE Aerospace (NYSE:GE) said that its Marine Engines & Systems unit recently secured eight orders of LM2500 marine gas turbine engines for two of the US Navy's Flight III Arleigh Burke-class guided-missile destroyers. The destroyers—USS Intrepid (DDG 145) and USS Robert Kerrey (D
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