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Fly News Breaks for May 21, 2015
GE, WWD
May 21, 2015 | 07:36 EDT
After Woodward (WWD) announced that it will enter into a strategic joint venture for fuel systems with GE Aviation, a subsidiary of General Electric (GE), Stifel says the deal helps solidify Woodward's relationship with the GE unit and is slightly dilutive but should raise Woodward's EPS and revenue over time. The firm keeps a $60 price target and Buy rating on Woodward.
News For WWD;GE From the Last 2 Days
GE
Mar 27, 2024 | 05:45 EDT
Wells Fargo analyst Matthew Akers raised the firm's price target on General Electric to $200 from $177 and keeps an Overweight rating on the shares. The analyst sees opportunity for GE to cut 300-500 basis points of expenses in the coming years, 2-3 times what the company committed to at its recent investor day. The firm increased estimates to incorporate higher margins. The new price target reflects a 30-times price-to-earnings multiple on aerospace and $34 per share for Vernova.