Citi starts GE Aerospace ($GE) at Buy: A&D “megatrend” trade back in focus

Citi initiated coverage of GE Aerospace ($GE) with a Buy rating and a $386 price target. Citi also floated a bold bull-case: GE could become the first publicly traded aerospace & defense company to reach a $1 trillion market cap within about 5 years.

The call landed with a technical tailwind too: GE popped around 4% and moved back above its 50-day moving average, while the stock is described as forming a flat base with a buy point around 316.67.

Citi’s broader point: the entire A&D complex is being pulled by long-cycle “megatrends” across commercial aerospace, defense, shipbuilding, and space and they initiated or refreshed views across a wide list of names, including Buy ratings on $RTX and $BA as well.

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