General Electric Upgraded to “Buy” at UBS (GE)

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Multinational conglomerate General Electric Company ( GE ) on Monday caught a bid upgrade from analysts at UBS.

The firm said it boosted its rating on GE from "Neutral" to "Buy," while raising its price target from $19 to $23. That new target implies a 24% upside to GE's Friday closing price of $18.43.

General Electric shares rose 22 cents, or +1.2%, in premarket trading Monday.

The Bottom Line
We have been recommending shares of General Electric ( GE ) since July 23, 2010, when the stock was trading at $15.21. The company has a 3.04% dividend yield, based on Friday's closing stock price of $18.43.

General Electric Company ( GE ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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Referenced Stocks: GE

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