RBC Capital analyst Deane Dray raised the firm’s price target on General Electric to $100 from $93 and keeps an Outperform rating on the shares. The company’s analyst meeting was a "decided positive", highlighted by the indication that its breakup is on track and that the transformational organizational improvements led by CEO Larry Culp are paying off, the analyst tells investors in a research note. The firm added that General Electric’s incremental boosts to 2025 growth and free cash flow targets were also "feel-goods".
Published first on TheFly
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