GE Aerospace price target lowered to $350 from $357 at UBS

UBS analyst Gavin Parsons lowered the firm’s price target on GE Aerospace (GE) to $350 from $357 and keeps a Buy rating on the shares. The sell-off appears overdone given conservatively set guidance that already incorporates potential headwinds from higher oil prices, slower flight growth, and aircraft retirements tied to Iran-related uncertainty, the analyst tells investors in a research note. Strong order momentum and a 1.43x book-to-bill ratio suggest a healthier services revenue base than expected, reinforcing confidence in GE’s durable earnings growth despite near-term caution, UBS says.