General Electric’s Price Target Boosted at Deutsche Bank (GE)

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Multinational conglomerate General Electric Company( GE ) on Thursday saw its price target upped by analysts at Deutsche Bank, ahead of the company's third quarter earnings report.

The firm boosted its target for GE from $19 to $20, which represents an 18% upside over the stock's Wednesday closing price of $16.90. Deutsche Bank maintained its "Hold" rating on the shares.

The analyst also maintained its 2010 Q3 earnings estimates ($0.28), but boosted its 2011 EPS estimates to $1.29 from $1.25.

General Electric shares rose 10 cents, or +0.6%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of GE since July 23, when the stock was trading at $15.21. The company has a 2.84% dividend yield, based on last night's closing stock price of $16.90.

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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