General Electric’s Price Target Raised to $125 From $107
<p>Wolfe Research raised the price target for <a href='https://financialmodelingprep.com/financial-summary/GE'>General Electric (NYSE:GE)</a> from $107 to $125, reaffirming its Outperform rating. As a result, shares gained more than 2% intra-day today.</p>
<p>The analysts explained that the fiscal year 2025 provides a more accurate representation of the company's typical earnings power, and this year serves as the basis for their valuation framework.</p>
<p>The analysts stated that they have updated their Commercial OEM (Original Equipment Manufacturer) delivery forecasts and adjusted the EBIT (Earnings Before Interest and Taxes) bridge to account for a slightly heavier adverse mix between OEM and AM outgrowth. However, they noted that the losses from the LEAP program are narrowing.</p>
<p>As a result, the projected EBIT for 2023 remains unchanged at $5.7 billion, which is at the higher end of the guidance range. The estimated EBIT for 2025 has been increased by approximately 3% to $7.8 billion. The analysts expressed expectations that management will slightly exceed the 20% margin target over that timeframe.</p>

NYSE:GE