Barclays analyst Julian Mitchell raised the firm’s price target on General Electric to $115 from $110 and keeps an Overweight rating on the shares. Following the company’s Q1 earnings, the analyst left earnings estimates. largely unchanged, but lifted the price target in light of peer valuations. "This was a quiet quarter, with less debate than normal," the analyst tells investors in a research note.
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Published first on TheFly
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Read More on GE:
- General Electric sees Q2 loss for Renewables roughly in line with Q1
- General Electric sees FY23 Aerospace organic revenue growth mid to high teens
- GE now sees FY23 adjusted EPS $1.70-$2.00 vs. prior $1.60-$2.00 view
- General Electric reports Q1 adjusted EPS 27c, consensus 14c
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