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