RBC Capital raised the firm’s price target on General Electric to $170 from $148 and keeps an Outperform rating on the shares. The analyst cites the company announcing a formal spin approval for GE Vernova while also noting that the management’s planned investor days for each business will be a positive catalyst.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GE:
- General Electric price target raised to $181 from $153 at Barclays
- General Electric price target raised to $180 from $155 at Jefferies
- General Electric price target raised to $177 from $163 at Wells Fargo
- Itron, GE Vernova pioneer unification of grid edge and operations data
- Nelson Peltz’s Trian buys GE, cuts Allstate in Q4