(CercleFinance.com) – Bank of America analysts said on Wednesday that GE shares were among their top picks in the United States for the 2024 financial year.
In a sector study, BofA explains that it expects the group to benefit from the difficulties of its competitors, both in aeronautics and energy.
The American broker says in particular that it takes a positive view of the recent cancellation of an offshore wind contract on which GE would have lost money, while its activities in onshore wind power have only just been completed. to become profitable.
The broker, however, doubts that the split planned for next April of Vernova, its energy subsidiary, will allow a revaluation of GE Aerospace on the stock market.
BofA, which has a buy recommendation and a price target of $135 on the stock, specifies that its other favorite American industrial stocks are Vertiv, APi Group, Emerson ITT and Parker Hannifin.
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