Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

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The article highlights significant options activity for several industrial stocks, indicating potential trading opportunities. Notable mentions include bullish sentiment for UNP, LYFT, XPO, FDX, and ZIM, and bearish sentiment for BA, GE, BLDR, ENVX, and SPR.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:35 pm

GE Aerospace and the Polish Ministry of National Defense have finalized an offset agreement for the purchase of 96 Boeing AH-64E Apache Guardian helicopters, which will use GE’s T700 engines. The agreement will generate high-value jobs in Poland and provide advanced engine MRO technology, training, and support. WZL-1 will handle MRO support, while WAT will oversee training. This partnership ensures supply security for T700/CT7-powered platforms. GE shares are down 0.69% at $159.17.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 3:58 pm

GE Aerospace and the Polish Ministry of National Defense have finalized an offset agreement for 96 Boeing AH-64E Apache helicopters. The agreement includes MRO support and training for T700 engines, sustains high-value jobs, and enhances defense capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:16 pm

Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:47 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including GE Aerospace, Principal Financial Group, Hologic, F5, Varonis Systems, Universal Health Services, ON Semiconductor, Royal Caribbean Cruises, Lockheed Martin, and Amkor Technology.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:51 pm

Barclays analyst Julian Mitchell maintains an Overweight rating on GE Aero (NYSE:GE) and raises the price target from $175 to $200.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:38 am

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, delivering an average annual return of 27.87%. A $100 investment in GE stock 5 years ago would be worth $339.13 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 6:32 pm

Whales are showing a bearish stance on GE Aero (NYSE:GE) with significant options activity. 45% of the trades are bearish, with a focus on a price range between $160.0 and $250.0. Analysts maintain a positive outlook with an average price target of $198.5.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:45 pm

GE Vernova is under federal investigation for wind turbine failures, as reported by Bloomberg citing State House News.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:47 pm

RBC Capital analyst Ken Herbert maintains an Outperform rating on GE Aero (NYSE:GE) and raises the price target from $175 to $190.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 4:40 pm

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