GE and Howmet Poised for Strong Earnings as Aerospace Sector Stays Resilient: Analyst
Portfolio Pulse from Lekha Gupta
Deutsche Bank analyst Scott Deuschle has updated price targets and earnings previews for GE Aerospace, Howmet Aerospace, and Boeing. GE and Howmet are expected to outperform in earnings, while Boeing faces challenges due to cash flow issues and defense segment losses.
October 03, 2024 | 7:10 pm
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POSITIVE IMPACT
GE Aerospace is expected to achieve a significant earnings beat, with a raised price target of $235. Strong CSA collections could boost free cash flow, leading to increased guidance.
The analyst's positive outlook and raised price target suggest strong performance. The potential for increased guidance and cash flow indicates a likely positive impact on GE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Howmet Aerospace is expected to slightly beat EPS estimates with a new price target of $125. Positive drivers include pricing strategies and strong execution.
The analyst's raised price target and positive earnings outlook suggest a favorable impact on Howmet's stock price. Strong execution and pricing strategies are expected to drive performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Boeing faces challenges with a lowered price target of $195. Expected cash flow burn and losses in defense and commercial segments could pressure the stock.
The analyst's lowered price target and anticipated cash flow issues suggest a negative impact on Boeing's stock price. Losses in key segments add to the pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100