General Electric is having a banner year, and Deutsche Bank thinks the industrial giant could see even more gains going forward.
The bank initiated GE with a buy rating and a $141 per share price target.
GE YTD mountain General Electric stock has climbed more than 69% in 2023.
"[W]e think the stock is well positioned to outperform— even after the big YTD run," Deuschle said.
The analyst added GE Aerospace will create a "self reinforcing loop" to reinvest in technology and add to its market share.
Persons:
Scott Deuschle, Deuschle, — CNBC's Michael Bloom
Organizations:
Deutsche Bank, GE, General, Aerospace, GE Aerospace