(CercleFinance.com) – Credit Suisse on Tuesday raised its opinion on General Electric, which it carries from ‘neutral’ to ‘outperformance’ with a price target maintained at 122 dollars.
In a research note, the financial intermediary considers that the recent decline in the stock market of the American industrial group constitutes an interesting opportunity in order to position itself in perspective of the recovery of the airline sector.
” The 14% decline following the announcement on November 9 of the group’s split created an opportunity to benefit from a revaluation of the share, both in absolute and relative terms, knowing that GE should benefit from a cyclical recovery in 2022 ‘, he explains.
As a reminder, GE announced last year that it was going to split into three listed companies, dedicated respectively to its aviation, energy and health professions.
According to Credit Suisse, the group should also benefit from a real ‘rush’ on aircraft engines from airlines after the pause in orders that characterized the pandemic.
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