GE: BarCap upgrades stock
(CercleFinance.com) - Barclays Capital has upgrade dits rating on General Electric to "overweight," maintaining its target price at 16 dollars, stating that a "blue sky" scenario suggests upside potential to over 20 dollars.
"Over the past two years, GE's share price has had more 'floors' than the Empire State Building," the broker says ironically, even though it says that a "Phoenix may start to emerge from the flames."
BarCap said that on 1 October it noted that "even the most hardened skeptic might want to re-consider following the CEO change," at the US conglomerate.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Over the past two years, GE's share price has had more 'floors' than the Empire State Building," the broker says ironically, even though it says that a "Phoenix may start to emerge from the flames."
BarCap said that on 1 October it noted that "even the most hardened skeptic might want to re-consider following the CEO change," at the US conglomerate.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.