RBC Capital Upgrades General Electric (GE) to Outperform

RBC Capital analyst Deane Dray upgraded General Electric (NYSE: GE) from Sector Perform to Outperform with a price target of $15.00 (from $13.00).

The analyst comments "We are upgrading GE from Sector Perform to Outperform on the news of Larry Culp being named Chairman & CEO. There’s still much to fix, and it will take time to assemble his team, ramp/triage the problems, and put his imprint on the breakup plan. But, we believe that a floor has now been put in."

For an analyst ratings summary and ratings history on General Electric click here. For more ratings news on General Electric click here.

Shares of General Electric closed at $12.09 yesterday.

You May Also Be Interested In

• Morgan Stanley Upgrades Telecom Argentina (TEO) to Overweight
• AmerX Starts WidePoint Corp (WYY) at Buy
• KB Home (KBH) PT Raised to $56 at Truist Securities