GE Aerospace's Latest Wall Street Downgrade Isn't a Big Deal: Here's Why
GEGE(US:GE) The Motley Fool·2024-06-19 08:05

J.P. Morgan recently served notice that the aerospace giant could miss its engine delivery targets in 2024.GE Aerospace (GE 1.07%) stock has recently experienced a dip in value due to J.P. Morgan's decision to lower its estimate for second-quarter sales to $8.4 billion. This estimate is notably lower than the Wall Street analyst consensus of $8.85 billion, but is it a reason to sell the stock? Here's what you need to know before taking action. The reason for the downgradeJ.P. Morgan's analyst is arguing tha ...

GE Aerospace's Latest Wall Street Downgrade Isn't a Big Deal: Here's Why - Reportify