1 Wall Street Analyst Thinks GE Aerospace Stock Is Going to $250. Is It a Buy?

A Redburn Atlantic analyst recently initiated coverage of GE Aerospace (NYSE: GE) with a buy recommendation and slapped a $250 price target on the stock. Undoubtedly, GE Aerospace is a high-quality company led by a first-class management team. Moreover, it has a dominant market position in commercial airplane engines, with a decades-long stream of lucrative income from aftermarket and services revenue from the installed base of engines on the global fleet. The question is whether $250 is a good value for the stock that now trades around $210.GE and its joint ventures are responsible for engines on both workhorses of the global narrowbody market (the sole option on the Boeing 737 MAX and one of two on the Airbus A320 neo family, as well as the legacy versions still in service), and engines on Boeing's widebody 777,777X, and 787 airplanes as well as Airbus' widebody A330.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool