Bernstein Lifts Price Target on GE (GE) to $17, But Maintains 'Market Perform' Rating
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Sanford C. Bernstein raised its price target on General Electric (NYSE: GE) from $16 to $17, but maintained their market perform rating on the stock. The firm cited stronger margins for the company's NBC unit in the later part of 2010.
Shares of GE closed at $15.35 yesterday, providing potential upside of 11% to Bernstein's new price target.
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