BUZZ-Citigroup cuts GE Aerospace's PT, lowers near-term profit forecasts
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Citigroup has reduced GE Aerospace's price target from $386 to $378 while maintaining a "buy" rating, indicating a 16.6% upside from the stock's last close. The brokerage also lowered near-term profit forecasts, projecting FY27 EPS at $7.17 (down from $7.63) and FY26 EPS at $6.28 (down from $6.46). Despite this, Citigroup believes GE is well-positioned for growth in the commercial aerospace aftermarket and defense sectors. Currently, 17 of 21 brokerages rate the stock as "buy" or higher, with a median price target of $350.
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