Even after shares of General Electric (NYSE: GE) broke above the $17 per share level on Friday, analysts at Goldman Sachs see further upside. The firm reiterated their Buy rating and $21 price target on GE.
In a research report this morning, Goldman Sachs said while they expects an "uninspiring" first quarter earnings report, momentum should continue to build and told clients to "buy" the stock.
Goldman notes that after underperforming peers for 10 years, GE is outperforming in 2010 even as investor sentiment remains lower than any stock in their coverage....MORE
Monday, March 15, 2010
Goldman Sachs Sees Further Momentum In General Electric (GE)