Morgan Stanley Initiates Coverage on GE Aerospace (GE) with Overweight Rating

GE Aerospace (NYSE:GE) is among the 11 best military technology stocks to buy right now. On February 20, Morgan Stanley initiated coverage on the stock with an Overweight rating and announced a price target of $425.

According to TipRanks, the firm described the company as the ‘best in class’ stock in the industry and cited its ‘deep competitive moat’, while noting that it operated in a sector that had a high barrier to entry.

The Morgan Stanley analyst further added that it views a positive risk-reward skew of 2.9x and believes GE Aerospace (NYSE:GE) was on track to gain from upward adjustments to earnings and free cash flow.

As of the close of business on February 20, the stock is a Strong Buy with an average share price upside potential of 8%.

Earlier this month, the company declared a quarterly cash dividend of 47 cents per share to all shareholders on record as of the close on March 9. The payment is scheduled for April 27.

GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 25,000 military and 45,000 commercial aircraft engines.

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