Stifel analyst Robert McCarthy lowered his FY18 EPS estimate for General Electric to 95c from 98c and reduced his FY19 EPS estimate to $1.05 from $1.10, citing continued challenges at Power, expectations for slower growth across long cycle businesses and material cost inflation challenges. Along with trimming his forecasts, he cut his price target on GE shares to $13 from $15. Additionally, McCarthy made a "modest proposal" that GE management, which he said has recently been "virtue signaling" a change in the accountability culture at the company, should consider capping the pension benefits of its Supplementary Pension Plan for long tenured, senior employees and executive management. The analyst keeps a Hold rating on GE.

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."