Redburn Atlantic initiated coverage of GE Aerospace (GE) with a Buy rating and $250 price target The firm says GE is an “appealing investment opportunity” in global aerospace and defense, “despite what looks like a full valuation.” The company dominates the narrow-body engine segment and stands out as the engine maker with the largest and most profitable installed base, the analyst tells investors in a research note. The firm says GE Aerospace offers investors sustained earnings growth and good cash conversion well into the 2030s.
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