Barclays analyst Julian Mitchell raised the firm’s price target on General Electric to $96 from $92 and keeps an Overweight rating on the shares. Ahead of the impending healthcare spin, the analyst updated GE headline forecasts to exclude HealthCare. The price target rises given the higher when-issued value for HealthCare than a prior valuation of the business, Mitchell tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GE:
- GE among companies studying Medtronic businesses, Bloomberg reports
- Medtronic Business Units Spin-Off Attracts Siemens and GE
- Largest borrow rate increases among liquid names
- General Electric, TransnetBW sign contract to redesign Pulverdingen 380 kV
- ELPEDISON selects GE Digital APM reliability application