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 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 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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