JPMorgan cut its second-quarter revenue estimate on supply chain worries and said full-year delivery numbers could be at risk. Any shortfall should not hurt cash flow or earnings.
GE Aerospace (GE) opens Istanbul facility, which will serve as its innovation hub to design and manufacture aircraft engines and related technologies.
Citi analyst Andrew Kaplowitz launched coverage of GE Vernova stock with a Hold rating and $183 price target.
General Electric (now known as GE Aerospace) has a strong moat, driven by extensive R&D, partnerships, and dominance in commercial and defense sectors. The company has shown impressive financial performance with double-digit growth in orders, revenue, and free cash flow. Despite its current valuation, GE has favorable growth potential and a fair stock price target of 33% above the current price.
Dolby Laboratories said on Thursday it was acquiring GE Licensing, an intellectual property business targeting the consumer digital media and electronics sectors, in a $429 million deal.
Increasing costs and unfavorable foreign-currency movement weigh on GE Aerospace's (GE) operations.
New and legacy airplane engines will drive earnings and cash flow at GE Aerospace for decades to come. The commercial aerospace recovery continues and GE Aerospace is one of the highest quality plays in the sector.
GE Aerospace CEO Larry Culp said Tuesday the company is hiring 900 new engineers in 2024 as it develops next-generation technologies and supports current engine programs.
The GE Aviation (NYSE: GE) stock price has done well this year, making it one of the best-performers in the S&P 500 index. It has jumped by over 55%, giving it a market cap of over $178 billion.