GE Aerospace's Latest Wall Street Downgrade Isn't a Big Deal: Here's Why

19.06.24 10:05 Uhr

GE Aerospace (NYSE: GE) stock has recently experienced a dip in value due to J.P. Morgan's decision to lower its estimate for second-quarter sales to $8.4 billion. This estimate is notably lower than the Wall Street analyst consensus of $8.85 billion, but is it a reason to sell the stock? Here's what you need to know before taking action. J.P. Morgan's analyst is arguing that there's a mounting risk GE Aerospace could miss its delivery target for engines in 2024 amid ongoing supply chain pressures in the industry. Fewer engine deliveries mean less revenue, and the analyst believes the company could have a shortfall in the second quarter and possibly beyond.If there is an engine delivery shortfall, it would be a negative, but there are several reasons investors shouldn't panic.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Quelle: MotleyFool

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