Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on General Electric (GE – Research Report) and Schlumberger (SLB – Research Report).
General Electric (GE)
Credit Suisse analyst Reto Hess maintained a Hold rating on General Electric yesterday and set a price target of $80.00. The company’s shares closed last Friday at $77.68, close to its 52-week high of $81.18.
According to TipRanks.com, Hess is a 3-star analyst with an average return of
Currently, the analyst consensus on General Electric is a Strong Buy with an average price target of $82.08, a 5.8% upside from current levels. In a report issued on January 5, Wells Fargo also maintained a Hold rating on the stock with a $72.00 price target.
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Credit Suisse analyst Jens Zimmermann maintained a Buy rating on Schlumberger yesterday and set a price target of $70.00. The company’s shares closed last Friday at $57.35, close to its 52-week high of $59.45.
According to TipRanks.com, Zimmermann is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Schlumberger with a $61.53 average price target, which is a 7.0% upside from current levels. In a report issued on January 19, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $65.00 price target.
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