General Electric: Jefferies upgrades stock

(CercleFinance.com) - Jefferies has upgraded its General Electric shares from "hold" to "buy", raising its target price for them from $90 to $120, with the broker highlighting GE Aerospace as a profitable, high-growth engine franchise.


In its summary, the broker highlights that GE Aerospace has a revenue mix of around 70% in aftermarket services, as well as rising engine deliveries for LEAP (+50% in 2023) and GEnx (+53%).

Jefferies says that visibility on margins of around 20% expected in 2025 is particularly supported by the progress of LEAP OE, which should take it from a loss of around $200-250m in 2023 to break-even in 2026.


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