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GE Aerospace (GE) Gets a Buy from Bernstein

Tipranks - Tipranks - Mon Jun 1, 7:56PM CDT

Bernstein analyst Douglas Harned maintained a Buy rating on GE Aerospace on May 29 and set a price target of $405.00. The company’s shares closed last Friday at $323.76.

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Harned covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Northrop Grumman. According to TipRanks, Harned has an average return of 12.2% and a 56.88% success rate on recommended stocks.

Currently, the analyst consensus on GE Aerospace is a Strong Buy with an average price target of $356.85, representing a 10.22% upside. In a report released on May 28, Jefferies also reiterated a Buy rating on the stock with a $365.00 price target.

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Based on GE Aerospace’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.39 billion and a net profit of $1.94 billion. In comparison, last year the company earned a revenue of $9.93 billion and had a net profit of $1.98 billion

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