-- GE Aerospace (GE) strong Q1 earnings and solid "engine fundamentals" support potential upside to its 2026 outlook, despite investor concerns over oil prices and geopolitical risks that weighed on the stock, RBC Capital Markets said in a report emailed Wednesday.
The company's strong performance was driven by "services growth" of 39%, supported by a 35% increase in internal shop visit revenue and more than 25% growth in spare parts, the firm said. LEAP engine deliveries rose 63%, reinforcing confidence in the company's 2026 growth outlook, according to the report.
RBC said GE Aerospace maintained its 2026 guidance despite strong results, but the firm sees potential for a guidance raise in Q2, the report said.
RBC maintained an outperform rating on GE Aerospace with a $355 price target.
Price: $272.64, Change: $-14.09, Percent Change: -4.91%