Wells Fargo raised its price target for GE Aerospace to $390, maintaining an Overweight rating after the company reported strong Q2 results. GE Aerospace posted adjusted earnings of $2.02 per share and revenue of $12.63 billion, both exceeding analyst expectations. The company also raised its full-year guidance, expecting high-teens revenue growth and free cash flow between $8.90 billion and $9.20 billion. Despite strong demand, CEO Larry Culp noted challenges remain in meeting production needs to sustain growth.
GE Aerospace is experiencing strong revenue, profit, and cash flow growth driven by high aviation demand and a large backlog, particularly in its Commercial Engines & Services segment with LEAP engine sales surging. Despite operational excellence and...
The Defiance AI & Power Infrastructure ETF (AIPO) focuses on investments in AI-driven infrastructure, including power grids and data centers, benefiting from strong capital expenditure by hyperscalers and momentum in nuclear deals. Key holdings such ...
