GE Aerospace (NYSE:GE) shares traded up after a down Thursday morning as investors weighed a Jefferies price target cut and broader weakness in industrial stocks.
Industrials fell about 1%, while the S&P 500 declined 0.5%.
• Where are GE shares going?
Jefferies Cuts GE Aerospace Price Target
Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on GE Aerospace but lowered the price target to $435 from $455.
GE currently trades at a price-to-earnings ratio of about 37.7x, putting valuation in focus as industrial shares face broader pressure.
GE Invests In Research, Advanced Propulsion
Beyond the near-term market pressure, GE Aerospace continues to invest in research and next-generation propulsion. The company plans to spend $225 million to modernize its research center in Niskayuna, New York.
GE Aerospace has also advanced its GEK800 turbofan program with Kratos Defense & Security Solutions (NASDAQ:KTOS).
The GEK800 Serial Number 1 achieved a successful ignition milestone at the X-58 test facility, marking the start of a new testing campaign for the cruise-missile propulsion program.
Commercial aerospace fundamentals also remain supportive. GE Aerospace’s CFO said at the Morgan Stanley conference that airline fleet plans remain intact and parked aircraft levels are still very low.
The company expects commercial engine services to grow more than 20% in 2026, supported by about $170 billion in multiyear services backlog.
GEnx engine deliveries rose 50% year over year in the second quarter, with further growth expected in the third quarter.
GE Stock Technicals Show Short-Term Weakness
GE shares are trading 2.4% below their 20-day simple moving average and 8% below the 50-day average, signaling weaker short-term momentum.
The 20-day average has fallen below the 50-day average, while the 50-day remains above the 200-day average following a June golden cross.
Momentum indicators are somewhat more constructive. MACD remains above its signal line with a positive histogram, suggesting downside momentum has eased.
Resistance sits near $342.50, close to the 50-day moving-average area, while support is around $307.
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Earnings And Analyst Outlook
GE Aerospace is expected to report its next results on Oct. 20, 2026.
Wall Street estimates call for EPS of $1.99, up from $1.66 a year earlier, and revenue of $12.79 billion versus $12.18 billion last year.
The stock carries a Buy consensus rating with an average price target of $393.91.
GE Price Action: GE Aerospace shares were up 2.58% to $322.38 at the time of publication on Thursday, according to Benzinga Pro data.
Photo by Jonathan Weiss via Shutterstock
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