Citi‘s Most Read - Industrial Tech & Mobility

研报英文原文证据摘录

Citi‘s Most Read - Industrial Tech & Mobility

continued, elevated buyback activity is likely. Accordingly, we rate AER a Buy with

a $173 YE27 price target, representing ~18% upside.

Buy | Target price US$173.00

John Godyn | Max Lesnik

Global Aerospace & Defense - Top 12 Takes from The Farnborough Air Show

We attended the Farnborough Air Show this week with our global EU counterparts,

Charles Armitage and Conor Dwyer, as well as with our US Multi-Industrials

analyst, Andy Kaplowitz. Here we highlight the top takeaways from the event.

John Godyn | Charles J Armitage | Andrew Kaplowitz | Conor Dwyer | Bradley Eyster

GE Vernova Inc (GEV.N) - Expected Growth Tailwinds Ongoing

GEV’s 2Q26 results we think remain reflective of durable multi-year growth

potential, but with an elevated multiple reflecting high expectations we’re not

surprised by pressure on the stock following results given slightly lower 2Q EBITDA

vs. expectations ($1.25bn vs. our $1.32bn/Consensus $1.28bn), relatively modest

upside to near-term revs/EBITDA guidance, and a moderate q/q decline in

Electrification orders. Additionally, given some investor focus on growing industry

power generation supply over the coming years, GEV’s announced plans to

incrementally raise gas power capacity in 2030, while seemingly aligned with

strong demand, we think could also be a concern. While we view risk/reward as

largely balanced, we do view GEV as executing well to drive profitable multi-year

growth supported by still growing demand in its core Power and Electrification end

markets.

Neutral | Target price US$1125.00

Andrew Kaplowitz

Bull/Bear: GE Vernova Inc (GEV.N)

Siemens (SIEGn.DE) - EDA software in focus following Kimi K3

Suppliers of EDA software shares fell on Friday after reports (Bloomberg, 17th July)