GE Aerospace shares are trading lower after its customer, Airbus, cut its 2024 targets.
Portfolio Pulse from Benzinga Newsdesk
GE Aerospace shares are trading lower after its customer, Airbus, cut its 2024 targets.
June 25, 2024 | 11:20 am
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GE Aerospace shares are experiencing a decline due to Airbus, a key customer, reducing its 2024 targets. This could impact GE's revenue projections.
Airbus is a significant customer for GE Aerospace. A reduction in Airbus's targets for 2024 suggests lower demand for GE's aerospace products, which could negatively impact GE's revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100