Monday, January 10, 2011

UBS Upgrades General Electric, Raises Price Target (GE)

The Stock is up 1.3% at $18.67.
From MarketBeat:
UBS raised GE to buy and ups price target to $23 from $19. The Swiss bank argues that the stock trades relatively cheaply, and that its above-3% dividend yield leaves limited downside.

UBS called GE “the latest of the late-cycle” multi-industry stocks, saying investor sentiment will likely improve along with end markets....MORE