General Electric price target raised to $191 from $138 at UBS

UBS analyst Chris Snyder raised the firm’s price target on General Electric to $191 from $138 and keeps a Buy rating on the shares following GE Investor Days. While some have balked at valuation in recent months, the firm continues to focus on EPS upside and remains drawn to the company’s increasingly attractive positioning across favorable end markets. UBS’s thesis remains unchanged as it sees multi-year positive rate of change across all three of GE’s business lines and when combined with impressive execution and a $60B+ revenue base, GE continues to offer the most torque to positive rate of change across U.S. Industrials.