Wells Fargo has adjusted its outlook for GE Aerospace (GE, Financial), raising the price target to $212 from a previous $203 while maintaining an Overweight rating on the stock. This positive adjustment comes even as the firm revises down its estimates across the broader aerospace sector, anticipating that a global economic slowdown could affect demand.
Wells Fargo projects that a modest economic deceleration might lead to a 300 basis point reduction in demand for aircraft, which could result in a 6% decline in the aftermarket sales and a more significant 10% drop in original equipment sales. Despite these challenges, GE Aerospace continues to be viewed favorably by the firm.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for GE Aerospace (GE, Financial) is $220.14 with a high estimate of $261.00 and a low estimate of $185.00. The average target implies an upside of 18.35% from the current price of $186.00. More detailed estimate data can be found on the GE Aerospace (GE) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, GE Aerospace's (GE, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for GE Aerospace (GE, Financial) in one year is $121.75, suggesting a downside of 34.54% from the current price of $186. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the GE Aerospace (GE) Summary page.
