GE could surge 50% on aviation-unit strength if a COVID-19 vaccine reopens air travel, Goldman says

GE could surge 50% on aviation-unit strength if a COVID-19 vaccine reopens air travel, Goldman says

The logo of General Electric is shown at its subsidiary company GE Aviation in Santa Ana, California on April 13, 2016.

Mike Blake/Reuters

Calling it the "ultimate self-help, vaccine-leverage story in industrials," Goldman Sachs said Friday that General Electric could surge if a COVID-19 vaccine is released.Goldman reinstated General Electric at a "buy" rating and set a $10 price target on the stock, representing upside potential of 50% from Thursday's close.Goldman said it believes General Electric is a leaner, more productive company with CEO Larry Culp at the helm, and will come out of the COVID-19 pandemic stronger than it entered. Visit Business Insider's homepage for more stories.

General Electric is set to see a surge on the potential that a COVID-19 vaccine would jump start its aviation business, according to Goldman Sachs.

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