GE stock price rises as Morgan Stanley starts GE Aerospace; American Airlines keeps CFM LEAP engines
GE Aerospace shares rose 2% to $341.50 by mid-afternoon Friday after Morgan Stanley initiated coverage with an Overweight rating and a $425 price target. American Airlines extended its CFM LEAP-1A engine and maintenance deal for future A321neo deliveries. The S&P 500 was up about 0.5%. RTX shares fell 0.5%.