JP Morgan Maintains Neutral on General Electric, Raises Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has maintained a Neutral rating on General Electric (NYSE:GE) and increased the price target from $124 to $136.
December 20, 2023 | 8:09 pm
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JP Morgan has maintained a Neutral rating on General Electric and raised the price target from $124 to $136, indicating a positive outlook on the stock's value.
The increase in price target by a major analyst like JP Morgan suggests a positive reassessment of General Electric's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100