General Electric price target raised to $148 from $144 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on General Electric to $148 from $144 and keeps an Overweight rating on the shares. While GE‘s initial Aero guide was light of its expectations, the firm thinks this sets it up to beat later in the year, particularly if aftermarket demand remains robust. Venova spin is also on track for early Q2, Wells says.