RBC Capital Maintains Outperform on GE Aero, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has maintained an Outperform rating on GE Aero, while reducing the price target from $180 to $160.
April 04, 2024 | 11:30 am
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NEUTRAL IMPACT
GE Aero's Outperform rating is maintained by RBC Capital, but its price target has been lowered from $180 to $160.
The maintenance of an Outperform rating suggests a positive outlook on GE Aero by RBC Capital, indicating confidence in the company's future performance. However, the reduction in the price target from $180 to $160 may reflect adjustments in market conditions or expectations, potentially leading to short-term volatility in GE's stock price. The overall impact is considered neutral in the short term as the positive rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90