Reported 7 months ago
Shares of GE Aerospace dropped 4% as JPMorgan Chase lowered its second-quarter sales estimate to $8.4 billion, citing concerns about supply chain constraints impacting engine deliveries and results in the current quarter. Analyst Seth Seifman believes there could be risk to the company's full-year delivery target, but remains positive about the long-term outlook for the aerospace industry. While GE Aerospace may face turbulence in the near term, investors are advised to stay optimistic given the industry's robust demand and potential for future growth.
Source: YAHOO