Market Overview

UPDATE: Citigroup Reiterates Buy Rating, Raises PT on General Electric

Related GE
What's The Most Popular Foursquare Location In Europe? Here's The Top 40
MetLife Tagged As SIFI: What It Means For Your Portfolio
Making Money With Charles Payne: 12/2/14 (Fox Business)

In a report published Wednesday, Citigroup reiterated its Buy rating on General Electric Company (NYSE: GE), and raised its price target from $23.00 to $25.00.

Citigroup noted, “We are increasing our target price from $23 to $25 to reflect our shift in our sector valuation. We continue to assume the large-cap MI-EE group should trade for 14.0x EPS, but are now applying this to our 2013 EPS estimates instead of the blend of 2012/2013 that we used previously. Our GE target continues to assume the shares trade inline with the target group multiple, near the midpoint of its (15%) to 10% historical relative range.”

General Electric Company closed on Tuesday at $20.51.

Latest Ratings for GE

DateFirmActionFromTo
Nov 2014RBC CapitalInitiates Coverage onOutperform
Sep 2014Stifel NicolausInitiates Coverage onBuy
Aug 2014BernsteinUpgradesMarket PerformOutperform

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (GE)

Around the Web, We're Loving...

Get Benzinga's Newsletters