BUZZ-JP Morgan raises GE PT on growth in after-market services

Reuters · 05/13 10:26
BUZZ-JP Morgan raises GE PT on growth in after-market services

** J.P. Morgan raises GE's GE.N PT to $175 from $148, rates it "overweight"

** Brokerage sees GE Aerospace as premier large-cap in commercial aeroscpace industry with regard to business, balance sheet and management; says GE should trade at a premium

** GE Aerospace raised its full-year profit forecast last month, benefiting from surge in demand for after-market services

** Brokerage expects after-market growth to accelerate in Q2

** 16 of 18 brokerages rate stock "buy" or higher, two "hold"; their median PT is $180.2

** As of Friday's close, stock had risen ~61% YTD


(Reporting by Kannaki Deka)

((Kannaki.Deka@thomsonreuters.com))