GE Aerospace (NYSE:GE) is one of the best 52-week high stocks to buy now. On July 18, Citi raised its price target of the stock to $309 from $296 while maintaining a Buy rating. The adjustment follows the company’s better-than-expected second-quarter results.
A shot of a prototype aircraft taking to the skies, the symbol of the companies innovation in aerospace & defense.
The global aerospace leader also increased its full-year guidance, buoyed by positive order trends and a less bearish macroeconomic outlook. GE Aerospace also revised its 2028 targets, affirming a compound annual growth rate of more than 10% in revenue, EBIT, and free cash flow.
According to Citi, GE Aerospace is a buy due to the healthy mid-single-digit growth in flight hours. In addition, the research firm expects the company to benefit from improvements in the supply chain and productivity.
GE Aerospace is a global leader in aerospace, focusing on inventing and developing aircraft engines, systems, and services. It is also involved in both commercial and military aviation, with a vast installed base of engines.
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This article is originally published at Insider Monkey.
