RBC Capital Maintains Outperform on General Electric, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray has maintained an Outperform rating on General Electric (NYSE:GE) and increased the price target from $131 to $150, indicating a positive outlook on the company's stock.
December 18, 2023 | 2:03 pm
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RBC Capital analyst Deane Dray reaffirms an Outperform rating on General Electric and raises the price target to $150, suggesting confidence in the company's future performance.
The increase in price target by RBC Capital reflects a bullish stance on General Electric's stock, likely due to positive expectations about the company's future earnings, growth, or strategic plans. This kind of analyst action can often lead to increased investor confidence and a potential short-term rise in the stock price, as market participants may adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
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