GE Aerospace rises after Citigroup initiates coverage with 'buy' rating

** Shares of GE Aerospace GE rise 4.4% at $301.48

** CitiGroup initiates coverage on GE with "buy" rating; sets PT at $386

** Brokerage says "we believe GE is exceptionally well-positioned to capitalize on the megatrends defining the aerospace and defense industry, and expect it to be the first public A&D equity to reach a $1 trillion market cap"

** CitiGroup says supply chain and flight deck operating system investments reducing execution risk and improving productivity

** 17 of 21 analysts rate stock "buy" or higher, three rate it "hold", one "sell"; median PT at $350 - data compiled by LSEG

** Including session's move, GE stock up 80.8% YTD