GE Aerospace (GE) Jumps 4% on Buy Reco, 29% Upside Potential

Core Insights - GE Aerospace has shown strong performance, with a 3.95% increase in stock price, closing at $299.81, driven by positive investor sentiment following Citigroup's bullish coverage [1][2][3] - Citigroup has issued a "buy" recommendation for GE Aerospace, setting a price target of $386, indicating a potential upside of 28.75% from the current price [2] - The investment firm expresses confidence in GE Aerospace's potential to become a trillion-dollar company within five years, citing various megatrends and opportunities in commercial aerospace, defense, shipbuilding, and space sectors [3] Business Developments - GE Aerospace's Marine Engines & Systems unit has secured eight orders for LM2500 marine gas turbine engines for two US Navy destroyers, USS Intrepid and USS Robert Kerrey [4] - The LM2500 engine has been a long-standing choice for the US Navy's destroyer fleet, and GE Aerospace is committed to increasing production capacity to meet the Navy's expanding requirements while ensuring quality and reliability [5]