Information Provided By:
Fly News Breaks for June 27, 2016
GE
Jun 27, 2016 | 07:45 EDT
After attending GE's Digital Investor Day, Stifel says that the company can benefit from effectively executing its industrial Internet software strategy. The firm thinks that the stock could increase about 30% to about $39 in a bullish scenario and drop about 15% to about $25 in a bearish scenario. The firm says that the digital unit appears to be significantly differentiated from other platform as a service providers, and it notes that the company set a $15B revenue target for the unit by 2020.