GE: Credit Suisse upgrades stock

(CercleFinance.com) - On Tuesday Credit Suisse upgraded its rating on General Electric shares to "outperform" from "neutral", while maintaining its target price for them at 122 dollars.


In a report, the broker considers that the share's recent decline provides investors with an interesting opportunity to position themselves ahead of the recovery in the airline sector.

GE announced last year that it would split into three listed companies, dedicated to its aviation, energy and healthcare businesses respectively.

Credit Suisse says that the group should also benefit from a real "rush" on aircraft engines from airlines after the pause in orders stemming from the pandemic.



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