General Electric price target raised to $90 from $81 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on General Electric to $90 from $81 and keeps an Overweight rating on the shares. Following the Q4 earnings, the analyst raised free cash flow estimates. GE‘s outlook is encouraging, with free cash flow beating Street estimates for Q4 and free cash flow for 2023 being guided 20% above buy-side expectations, the analyst tells investors in a research note.