General Electric price target raised to $110 from $90 at Barclays

Barclays raised the firm’s price target on General Electric to $110 from $90 and keeps an Overweight rating on the shares. The analyst believes Q1 played out largely as expected, with most multi-industry company earnings likely to come in-line with or above Street estimates. The tone from most management teams will likely remain upbeat, but there "may be a little more skepticism in share price reactions now given a murkier macro outlook," the analyst tells investors in a research note. As such, the firm reduced 2024 estimates and price targets for several names and keeps a Neutral industry view.