GE Aerospace price target raised to $275 from $220 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on GE Aerospace (GE) to $275 from $220 and keeps an Outperform rating on the shares. The firm continues to view GE Aerospace as a core holding for exposure to the aerospace cycle, noting that despite the recent stock strength – up about 48% year-to-date – the stock offers positive catalysts as the management should increase its 2025 and mid-term outlook at the Paris Airshow, the analyst tells investors in a research note. RBC also expects the stock to continue to benefit from upward consensus estimate revisions.