General Electric: Jefferies raises target price
(CercleFinance.com) - Jefferies maintains its Hold rating on General Electric (GE) shares, although has raised its target price for them to $90 (from $75).
"We are raising our out-year forecasts to reflect guidance from Mgmt. for the 2025 outlook," the analyst said.
But Jefferies is cautious: "That said, we do believe a healthy amount of skepticism is appropriate given past forecast misses, especially as it relates to Renewables".
Copyright (c) 2023 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.
"We are raising our out-year forecasts to reflect guidance from Mgmt. for the 2025 outlook," the analyst said.
But Jefferies is cautious: "That said, we do believe a healthy amount of skepticism is appropriate given past forecast misses, especially as it relates to Renewables".
Copyright (c) 2023 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.