BofA Securities analyst Ronald Epstein maintains $GE Aerospace (GE.US)$ with a buy rating, and maintains the target price at $200.
According to TipRanks data, the analyst has a success rate of 63.4% and a total average return of 12.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Aerospace (GE.US)$'s main analysts recently are as follows:
The stock experienced pressure following a shortfall in shop visits and challenges in supply chain execution. Despite these issues, the company has updated its 2024 guidance favorably across most metrics, but has also revised its forecast for LEAP deliveries, now expecting a 10% reduction for the year.
The recent sell-off in the third quarter for GE Aerospace is perceived not so much as a shift in the company's narrative but rather as a consequence of expectations surpassing reality. Projections for the years 2024 to 2026 are being revised upwards.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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