Melius Research downgraded GE Aerospace (GE) from "Buy" to "Hold" on September 14, 2026. The firm cut GE's price target to $350. Previously, the target stood at $432.
The downgrade stemmed from a broader re-evaluation of the aerospace sector. Melius also downgraded four other related companies. These included Honeywell Aerospace and TransDigm.
Melius cited concerns about slowing growth in the commercial aviation aftermarket. This market previously experienced several years of exceptionally strong growth. Melius anticipates this market's growth will moderate to a high-single-digit percentage range. This moderation is expected in the coming year. The firm adopted a more cautious outlook on the sector.
Following the report, GE's stock traded lower. Other aerospace and defense companies also saw their stocks trade lower.