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Benzinga
34 days

Top Wall Street Forecasters Revamp GE Aerospace Expectations Ahead Of Q2 Earnings

1. GE Aerospace announces Q2 earnings forecast of $1.40 per share, up from $1.20. 2. Projected revenue for the quarter is $9.51 billion, rising from $8.22 billion. 3. GE Aerospace signed MRO agreement with China Airlines for GE9X engines. 4. Analysts maintain positive ratings, raising price targets for GE shares significantly. 5. GE shares gained 0.9% to close at $264.67, reflecting favorable market sentiment.

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FAQ

Why Bullish?

GE's strong earnings forecast and positive analyst ratings indicate solid growth potential, reminiscent of past quarters where earnings surpassing expectations led to share price increases.

How important is it?

The article outlines key financial data and positive analyst outlooks, both crucial for investors assessing GE's performance.

Why Short Term?

The upcoming earnings release and analyst upgrades likely influence short-term investor sentiment and stock performance immediately.

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