GE Aerospace (GE)

[eFinanceMarkets]

GE reiterated Outperform at Credit Suisse, driven by power business
General Electric (GE -0.1%) is reiterated with an Outperform rating and $34 stock price target at Credit Suisse, which says the GE Power business is poised for a recovery despite the weak heavy duty gas turbine environment, as GE is taking advantage of its broader suite of products post-Alstom.
Credit Suisse says the Power segment continues to be the main driver behind GE’s cash conversion improvement, and the unit has laid out a plan to improve its conversion by 15% this year.