Blurbs

Analysts Conflicted on These Industrial Goods Names: General Electric (GE) and Schlumberger (SLB)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on General Electric (GEResearch Report) and Schlumberger (SLBResearch 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 2.1% and a 50.0% success rate. Hess covers the Industrial Goods sector, focusing on stocks such as Trane Technologies, Johnson Controls, and Eaton.

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.

See today’s best-performing stocks on TipRanks >>

Schlumberger (SLB)

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 22.8% and a 84.6% success rate. Zimmermann covers the Utilities sector, focusing on stocks such as Cheniere Energy, Valero Energy, and Williams Co.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on GE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More