(News Bulletin 247) – Jefferies maintains its buy rating on the GE stock, with an unchanged price target of $140 and highlights several positive elements on the value.
The analyst announces for example the start, in the United States, of the test of the T-7 training jets powered by the F404 engine from GE.
Jefferies also reports that Cathay Pacific has exercised its option to purchase 32 Airbus A320neos powered by LEAP (the result of a GE/Safran partnership).
The broker also indicates that Amplus Solar has selected GE Vernova to supply it with onshore wind turbines for a 108 MW wind project in India, in the state of Tamil Nadu.
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