Melius Research downgraded General Electric Aerospace (GE) from Buy to Hold on September 14, 2026. The firm significantly reduced its price target from $432 to $350. This move reflects concerns that the commercial aviation aftermarket, a primary profit driver, faces a growth slowdown.
Melius now anticipates high single-digit growth for the sector. This forecast represents a deceleration from previous double-digit projections. GE Aerospace shares fell more than 1% in early trading following the announcement.
The downgrade is part of a broader, more cautious outlook on the aerospace industry. Separately, GE Aerospace is advancing the assembly of its XA102 adaptive cycle engine. This project continues the company's development of next-generation propulsion technology for the U.S. Air Force.