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Dually Upgrade on GE (GE) Working, Stock Up 5%

November 6, 2009 9:48 AM EST
GE Hot Sheet
Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 9 | New: 35
Investors are reacting positively to the two upgrades of General Electric (NYSE: GE) today. Shares are up 5.9% to $15.42

Both Oppenheimer and Sandford C. Bernstein raised their ratings on GE to Outperform today.

Oppenheimer cited a sum-of-the-parts analysis and said the significant underperformance in GE since the middle of October provides a favorable entry point.

Oppenheimer raised their price target on GE to $18 and Bernstein raised their target to $19.

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