JPMorgan cuts GE Aerospace stock price target on valuation pressure

JPMorgan has reduced its price target on GE Aerospace stock to $375 from $400, citing valuation pressure in the aerospace sector. The analyst maintains an Overweight rating on the shares, with modest increases in earnings estimates and a 10% decrease in the target multiple. The aerospace sector is experiencing deceleration in aftermarket growth, and GE Aerospace has underperformed in recent quarters despite beating expectations and raising guidance.

Despite the recent underperformance, JPMorgan remains confident in GE Aerospace's outlook and market position.

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