JP Morgan Maintains Overweight on GE Aerospace, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has maintained an Overweight rating on GE Aerospace, while reducing the price target from $180 to $148. This adjustment reflects a change in valuation but continues to suggest a positive outlook on the company's stock.

April 02, 2024 | 2:44 pm
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GE Aerospace's stock rating remains Overweight according to JP Morgan, but the price target has been reduced from $180 to $148.
The reduction in price target by JP Morgan might initially concern investors, potentially leading to short-term volatility in GE's stock price. However, the maintenance of an Overweight rating indicates a continued positive outlook on the company, suggesting that any negative impact might be mitigated by the analyst's overall confidence in GE Aerospace's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90