GE Aerospace price target raised to $190 from $185 at Jefferies

Jefferies raised the firm’s price target on GE Aerospace (GE) to $190 from $185 and keeps a Buy rating on the shares as part of a Q2 preview. The firm raised its Q2 and 2024 EPS estimates reflecting better mix dynamics, which the firm expects to continue through the year, while the firm sees LEAP deliveries down 5% year over year in 2024 due to supply constraints and Boeing (BA) production cadence, the analyst tells investors in a research note. Capacity to deploy cash for the dividend yield and accretive share repurchases or M&A is a new chapter for GE Aerospace as a standalone company following the GE Vernova spin in early April 2024, the firm says.