Investment firm Jefferies raised its price target on GE Aerospace shares to $455 from $365. The firm maintained a "Buy" rating on the stock. This new target represents a potential upside of approximately 21% from the stock's July 2nd trading price.
Jefferies bases its optimistic outlook on strong growth in GE's high-margin services business. The firm also cites increased LEAP engine deliveries.
Analyst Sheila Kahyaoglu anticipates GE will raise its 2026 profit guidance twice this year. This mirrors the pattern from the previous year.
Jefferies projects a 20% year-over-year increase in services revenue for the second quarter.