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

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.

You May Also Be Interested In

• Seaport Global Securities Upgrades BWX Technologies (BWXT) to Buy
• Kotak Upgrades Hindustan Petroleum Corp Ltd. (HPCL:IN) to Reduce (3)
• Citi Upgrades Mercari, Inc (4385:JP) (MRCIF) to Buy