Hilliard Lyons Lowers Rating on GE (GE) to Long-Term Buy
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We are hearing Hilliard Lyons lowered its rating on General Electric (NYSE: GE) from Buy to Long-Term Buy, citing recent share appreciation. The firm said GE Finance appears to have stabilized, but a recovery could be slow at best.
Here is the difference between the ratings:
Buy - We believe the stock has significant total return potential in the coming 12 months. Long-term Buy - We believe the stock is an above average holding in its sector, and expect solid returns to be realized over a longer time frame than our Buy rated issues.
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