BUZZ-GE rises after Barclays raises PT

Reuters
07-23
BUZZ-GE rises after Barclays raises PT

** General Electric GE.N shares rise nearly 1% to about $261 in premarket trading, as Barclays raises PT on the stock to $295 from $230

** New price target represents a 13.9% premium on GE's last close

** Brokerage maintains "overweight" rating, as co's GE9X engine used in Boeing 777X service entry is expected in 2026 with peak loss seen in 2027

** Corporate expense seen higher in 2028 attributable to higher eliminations - brokerage

** Six of 20 brokerages rate the stock "strong buy", 10 "buy" and four "hold"; their median PT is $295 - LSEG data

** As of last close, shares up about 55.3% YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com))

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