The Salesforce Rises

Susquehanna analyst Charles Minervino started coverage of airplane engine manufacturer GE Aerospace (NYSE: GE) with a positive rating and a $350 price target this morning, implying he sees nearly 20% profit potential in the stock over the next 12 months.

“GE Aerospace is at the center of the Aerospace & Defense industry,” argues Minervino, “providing propulsion technology and advanced engine systems that power many of the world’s commercial and military aircraft. Between its own engines and those from its CFM International (GE-Safran 50-50) joint venture, GE powers three out of every four commercial engine flights globally.”

Furthermore, GE boasts “a vast installed base of 45,000+ commercial engines and 25,000+ military engines that are growing at mid-single digits.” Representing 65% of GE’s total sales, this fact alone, argues the analyst, should power “robust” revenue growth through the end of the decade.

Investors are responding to Susquehanna’s endorsement by bidding up GE stock 1.4%.

S&P 500 component company Dollar General (NYSE: DG) beat earnings by 34 cents this morning, reporting a Q3 profit of $1.28 per share.

Revenue fell just short of analyst estimates at $10.6 billion. Dollar General, however, guided investors significantly higher for the rest of its fiscal 2025, saying earnings will range from $6.30 to $6.50, versus a consensus number of just $6.13, and sales will grow a faster than expected 4.7% to 4.9%.

Dollar General stock is up nearly 8% in response.