General Electric price target raised to $150 from $131 at RBC Capital

RBC Capital transferred coverage of General Electric to analyst Ken Herbert, who raised the firm’s price target on the stock to $150 from $131 and keeps an Outperform rating on the shares. GE will continue to benefit from its quality reputation and its leadership position in the NB engine market, the analyst tells investors in a research note. GE shares have also benefited from the company’s strong margins, exposure to the commercial after-market, portfolio catalysts, and upward guidance revisions, the firm added.