GE Aerospace initiated with an Overweight at Wells Fargo

Wells Fargo initiated coverage of GE Aerospace (GE) with an Overweight rating and $325 price target While expectations have already moved well ahead of 2028 guidance, the firm sees scope for further positive revisions, noting that its own 2028 EBIT and free cash flow forecasts are “well ahead of consensus.” The upside is primarily driven by a faster than expected LEAP SV ramp combined with a much higher LEAP SV price than the firm thinks is being modeled, the analyst tells investors.