GE Aerospace: Buy Rating Backed by Upgraded 2026 EPS Outlook and Robust Aftermarket Demand

In a report released yesterday, Gautam Khanna from TD Cowen maintained a Buy rating on GE Aerospace, with a price target of $380.00.

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Gautam Khanna has given his Buy rating due to a combination of factors tied to GE Aerospace’s upgraded outlook and resilient demand profile. Management lifted its 2026 EPS guidance midpoint by 7%, alongside higher CES EBIT and free cash flow targets, while affirming that it is not seeing any weakening in end-market demand or air travel trends, even as reported guidance assumes a slowdown in second-half services growth.

Moreover, accelerating shop visit volumes, strong external spares demand, and planned price increases support sustained high-margin aftermarket earnings and a sizable services backlog into 2027. Although LEAP deliveries dipped sequentially in Q2, they are expected to improve through the back half of the year, and management anticipates LEAP service margins will converge with the already robust CES service average by 2028, reinforcing confidence in long-term earnings power and cash generation.

In another report released on July 14, RBC Capital also maintained a Buy rating on the stock with a $400.00 price target.

GE’s price has also changed slightly for the past six months – from $325.120 to $345.730, which is a 6.34% increase.