(CercleFinance.com) – Bank of America announced Monday that it had reduced its price target on GE Aerospace shares, from 175 to 165 dollars in order to take into account the split from GE Vernova.
In a research note, the broker says it continues to consider GE as a leading opportunity to capitalize on the good health of the civil aircraft reactor market, but also the dynamism of the spare parts segment.
BofA notes that GE engines have the lion’s share of the commercial aviation market with an installed base of some 44,000 engines that it expects to continue to grow, leading it to renew its buy recommendation on the title.
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