Credit Suisse analyst John Walsh lowered his estimates for General Electric following the company's outlook call, but he said he believes sentiment on the stock is firming following what he views as several transparent investor communication events. The company's free cash flow guidance of negative $2B to flat was better than investor expectations for negative $2-4B and the Power segment margin guidance of "positive" was better than expected as well, noted Walsh. He thinks GE remains a battleground stock and expects it to be range-bound ahead of Power execution and broader restructuring. Walsh keeps a Neutral rating and $11 price target on GE shares.

Citi raised the firm's price target on GE Aerospace to $186 from $120.43 and keeps a Buy rating on the shares. The company's' Q1 was better than expected and it modestly increased its full-year EBIT outlook, the analyst tells investors in a research note. The firm says commercial aftermarket demand remains robust.

BofA analyst Ronald Epstein raised the firm's price target on GE Aerospace to $180 from $165 and keeps a Buy rating on the shares. GE boasts a unique portfolio with exposure across aircraft manufacturers, aircraft classes, legacy/new/nextgen platforms, and aftermarket/OE customers, says the firm, which believes GE is "strongly positioned to benefit from secular commercial aero growth."