GE Aerospace faces Citigroup downgrade, HAL penalties over Tejas engine delays

Citigroup lowered its stock price expectations for GE Aerospace, citing concerns regarding near-term valuation and execution.

Hindustan Aeronautics Limited (HAL) penalized the company for delays in delivering engines for the Tejas aircraft.

American National Bank & Trust increased its stake in GE Aerospace by 620.0% during the fourth quarter. The institution acquired 28,477 shares.