General Electric (GE) produced impressive Q4 results, pushing its stock price higher. The price target was lifted to $250.00 by Wells Fargo & Company and to $235.00 by UBS Group. Banks including Fifth Third Bancorp, Exchange Traded Concepts LLC, Brighton Jones LLC, and Janney Montgomery Scott LLC have significant holdings in GE. The company also witnessed its new 12-month high on surprising earnings results. Furthermore, GE Aerospace has demonstrated remarkable progress and plans a $7 Billion buyback. The strong financial results for Q4 and full-year 2024 seen by GE Aerospace indicate a promising outlook, such as double-digit profit growth projections for 2025. Also, Q4 2024 earnings preview shed some light on its expected margins and delivery projections. GE also settled a $362.5 million shareholder lawsuit over its power unit. On another note, it reported a strategic cutback in GE Healthcare Technologies Inc. shares. In recent developments, GE has completed its split, leading to the emergence of GE Aerospace as a standalone company. Lastly, despite some ups and downs, GE stands benefiting from travel demands with share rally.
General Electric Company GE News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Sat, 25 Jan 2025 13:22:51 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor 3
