Bernstein cuts GE Aerospace price target to $376 amid jet fuel price concerns
Bernstein SocGen analyst Douglas Harned lowered his price target for GE Aerospace to $376 from $421, citing jet fuel prices of $192 per barrel as a headwind. The firm also raised its 2026 adjusted EPS estimate to $8.16 and its 2027 estimate to $9.28. GE Aerospace reported third‑quarter 2026 adjusted earnings of $2.25 per share on revenue of about $13.3 billion, beating expectations. Following the earnings release, the stock fell 2.5% on the day and is down roughly 9% for the week.
Why it matters
Bernstein’s target cut may increase downward pressure on GE Aerospace’s share price, especially given the stock already trades at a high multiple of free cash flow. The analyst’s view highlights fuel‑price risk that could temper the company’s growth outlook.
Key facts
- 1Bernstein lowered its price target to $376 from $421. investing.com
- 2The analyst cited jet fuel prices of $192 per barrel as an overhang. investing.com
- 3Bernstein raised its 2026 adjusted EPS estimate to $8.16 from $7.83. investing.com
- 4Bernstein raised its 2027 adjusted EPS estimate to $9.28 from $9.16. investing.com
- 5GE Aerospace reported adjusted earnings of $2.25 per share for Q3 2026. investing.com
- 6GE Aerospace reported revenue of $13.29 billion for Q3 2026. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.