Multinational conglomerate General Electric Company (
) on Thursday saw its coverage initiated with an "Outperform"
rating by analysts at Morgan Stanley.
The firm also set a $20 price target on GE shares, suggesting a
nearly 8% upside to the stock's Wednesday closing price of $18.56.
Morgan Stanley lauded GE for its limited downside risk and new 4%
General Electric shares posted small losses in premarket trading
The Bottom Line
We have been recommending shares of General Electric (
) since Dec.9, 2011, when the stock was trading at $16.80. The
company has a 3.66% dividend yield, based on last night's closing
stock price of $18.56.
General Electric Company (
) 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
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