Jefferies analyst Sheila Kahyaoglu has maintained their bullish stance on GE stock, giving a Buy rating on February 18.
Sheila Kahyaoglu’s rating is based on several key developments within GE Aerospace. Firstly, the FAA certification of GE’s Catalyst turboprop engine is a significant milestone, as it supports the entry into service of the Beechcraft Denali, expected in 2026. This engine boasts a reduction in fuel burn by up to 20% and provides 10% more power, highlighting its efficiency and innovation.
Additionally, GE Aerospace has secured a notable order from ANA, which includes engines for 18 Boeing 787s and 13 Airbus A321s, demonstrating strong demand for GE’s products. Furthermore, the completion of the detailed design review for the XA102 adaptive cycle engine for the USAF’s Next Generation Adaptive Propulsion program indicates GE’s ongoing commitment to advancing its technological capabilities. These factors collectively contribute to a positive outlook for GE Aerospace, justifying the Buy rating.
In another report released on February 18, Redburn Atlantic also initiated coverage with a Buy rating on the stock with a $250.00 price target.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GE in relation to earlier this year.