Following General Electric's 10-K and commentary from engine partner Safran, Morgan Stanley analyst Joshua Pokrzywinski said he remains convinced that the sustainability of GE's cash generation is higher than investors appreciate. He believes Aviation's free cash flow will grow materially in 2020 and 2021, even with conservative assumptions on 2019 items that may not recur, and outside of that segment he is "encouraged by the subtext" in the other segments, Pokrzywinski tells investors. The analyst, who thinks "the cash story at GE as solid" and set to improve further in 2021, expects the company's March 4 outlook call to drive investors to have a higher view on 2021 free cash flow. He keeps an Overweight rating and $15 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."