RBC Capital raised the firm’s price target on General Electric to $113 from $104 and keeps an Outperform rating on the shares. The company reported positive free cash flows in its Q1 for the first in nearly a decade, driven by higher earnings and some AD&A benefit timing, the analyst tells investors in a research note. The earnings beat did not full flow through to guidance, but this is due to the management taking a conservative stance given all the macro uncertainty, RBC added.
Published first on TheFly
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