Bernstein raises GE Aerospace stock price target on services growth

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold hands back some gains as stronger dollar weighs; Iran conflict in spotlight Oil extends surge on concerns surrounding Strait of Hormuz closure Futures drop, oil prices climb amid Iran conflict - what’s moving markets Gold price surge after Iran attack could fade, Pepperstone says FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Bernstein raises GE Aerospace stock price target on services growth By Analyst Ratings Published 03/03/2026, 07:24 AM Bernstein raises GE Aerospace stock price target on services growth 0 GE 1.02% Investing.com - Bernstein SocGen Group raised its price target on GE Aerospace stock (NYSE:GE) to $405 from $374 while maintaining an Outperform rating. The stock currently trades at $345.74, near its 52-week high of $348.48, following a remarkable 72% gain over the past year. According to InvestingPro analysis, GE appears overvalued at current levels based on its Fair Value assessment, though the company maintains a "GOOD" financial health score of 2.86. The firm increased its estimates for widebody services, citing higher content and pricing on GEnx and GE90 engines. Bernstein expects CFM56 shop visits to remain above 2,300 through at least 2030 due to capacity constraints and high demand pushing shop visits out. An InvestingPro tip notes that 6 analysts have revised their earnings upwards for the upcoming period, aligning with Bernstein’s optimistic outlook. The firm projects LEAP services revenues will reach CFM56 levels by 2030, with margin expansion driven by new contract structures including reset long-term service agreements or time and materials contracts. Bernstein said supply chain conditions are improving for LEAP deliveries, with Airbus stating on its fourth-quarter earnings that CFM is on track to meet engine delivery commitments. Bernstein raised its estimates for Defense & Propulsion Technologies with the inclusion of the aero derivatives business moved from Comme...