Argus analyst John Eade raised the firm’s price target on General Electric to $150 from $130 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s new management team has put the brakes on the steady stream of bad news that came in 2015-2018, and while high inflation, global economic troubles and the pandemic have slowed the turnaround, GE is making progress, the analyst tells investors in a research note. As the turnaround at General Electric continues, the company’s earnings power could be as high as $7.50 per share, implying an operating margin near the industry average of 15%, the firm added.
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