General Electric (GE) PT Raised to $12 at RBC Capital; Corner Turned

RBC Capital analyst Deane Dray raised the price target on General Electric (NYSE: GE) to $12.00 (from $10.00) while maintaining a Outperform rating.

Dray commented, "Outperform-rated GE appears to have turned a corner. While CEO Larry Culp candidly confessed that the turnaround roadmap is not yet complete, the decided 4Q18 positives were the lack of new negatives and the seasonally strong FCF. The declaration that GECAS is not for sale should quell anxiety about a liquidity shortfall or fire-sale of GE’s best businesses. The next catalyst should be the soon-to-be- scheduled analyst meeting."

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