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GE

General Electric

$7.43 /

+0.33 (+4.65%)

07:12
10/29/20
10/29
07:12
10/29/20
07:12

General Electric price target raised to $11 from $10 at Goldman Sachs

Goldman Sachs analyst Joe Ritchie raised the firm's price target on General Electric to $11 from $10 and keeps a Buy rating on the shares. The stock closed Wednesday up 32c to $7.42. The company reported an "all around strong quarter" with a large free cash flow beat and "encouraging" Q4 free cash flow outlook of at least $2.5B, Ritchie tells investors in a research note. The results underscore management's ability to execute well, reduce costs and deliver free cash flow despite a challenging environment, says the analyst. Ritchie believes greater than $2.5B free cash flow is achievable and that GE is the "ultimate self-help, vaccine leveraged story in Industrials."

GE General Electric
$7.43 /

+0.33 (+4.65%)

10/29/20 Deutsche Bank
General Electric price target raised to $9 from $6.81 at Deutsche Bank
10/13/20 Deutsche Bank
General Electric price target raised to $6.81 from $6.25 at Deutsche Bank
10/09/20 Goldman Sachs
Goldman sees 50% upside in General Electric, reinstates shares at Buy
09/17/20 JPMorgan
Those calling GE guidance 'inflection' misunderstand business, says JPMorgan

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