12:10 PM EDT, 04/08/2024 (MT Newswires) -- GE Aerospace's standalone company earnings per share estimates have been updated to reflect "strong demand and particularly strong aftermarket demand environment," BofA Securities said in a note Monday.

BofA said it updated its operating EPS estimates for GE Aerospace to $3.85 in 2024, $5.20 in 2025 and $6.25 in 2026 from the prior $4.36, $5.35 and $6, respectively.

The firm said it updated its model to reflect GE Aerospace as a standalone business after the spinoff of GE Vernova ( GEV ) on Tuesday.

"We continue to expect robust demand across both commercial [original equipment manufacturer] and aftermarket, as well as growing international opportunities in defense," the firm said.

BofA said that it updated its price objective on GE Aerospace to $165 from $175 to reflect its standalone valuation and reiterated the company's buy rating.

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