General Electric price target raised to $93 from $87 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on General Electric to $93 from $87 and keeps an Outperform rating on the shares. The company’s upcoming analyst day should feature updates on the Vernova separation, progress on getting Renewables to break-even in 2024, and the ramp in commercial engine deliveries and services, as well as military, the analyst tells investors in a research note. The firm adds that with General Electric having been "released from deal purgatory, shares are among the sector’s best performers so far in 2023.