General Electric Is Pulverizing United Technologies in This Hot Niche Market
Both General Electric (NYSE: GE) and United Technologies (NYSE: UTX) have invested billions of dollars in developing next-generation jet engines that they hope will be game-changers.
And the game is indeed changing: GE is winning it. The company's LEAP engine is absolutely destroying United Technologies subsidiary Pratt & Whitney's geared turbofan in the marketplace. Here's what investors need to know.
Airbus's A320neo aircraft can be powered by GE's LEAP engine (pictured) or by Pratt & Whitney's Geared Turbofan. Image Source: General Electric.
Source: Fool.com
General Electric Co. Stock
€152.50
0.330%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 167 € shows a slightly positive potential of 9.51% compared to the current price of 152.5 € for General Electric Co..
