Seaport Global Securities initiated coverage on GE Aerospace (NYSE:GE) with a buy rating and a price target of $375. The stock currently trades at $314.49.
Analysts see the company's underperformance as a buying opportunity, despite recent selling reflecting concerns about the aftermarket cycle.
The firm believes aftermarket growth potential is underestimated and the industry is years away from a downturn in that segment.
GE Aerospace reported 21.75% revenue growth over the last twelve months, but Bond.az analysis suggests the stock is overvalued relative to fair value.
Recently, the company secured a U.S. Air Force contract for its GE426 engine. Analysts from RBC Capital, UBS, and Morgan Stanley have issued various ratings and price targets.
