Citi Says Buy GE Aerospace, Market Cap Could Hit $1 Trillion

GE stock surged above a key moving average Friday after Citi initiated coverage of GE Aerospace with a buy rating. GE Aerospace is trading in a flat base with an 80% gain on the year. Citi on Thursday initiated coverage of GE Aerospace (GE) along with 24 stocks in the aerospace and defense sector, The Fly reported. The firm says…