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Oppenheimer Upgrades GE to Outperform, $18 Price Target

November 6, 2009 8:00 AM EST
GE Hot Sheet
Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Oppenheimer & Co. upgrades General Electric (NYSE: GE) from Market Perform to Outperform. The firm also lifted its price target from $17 to $18.

Traders are cheering the upgrade this morning, bidding up shares of GE by more than 3%. The stock most recently traded at $14.89. Oppenheimer's new price target represents potential upside of about 20%.

To see all the upgrades/downgrades on shares of GE, visit our Analyst Ratings page.

General Electric Company operates as a technology, media, and financial services company worldwide.

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