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Deutsche Bank Starts General Electric as a “Buy”; Well Positioned for Economic Recovery (GE)
Multinational conglomerate General Electric Company ( GE ) on Friday caught some bullish commentary from analysts at Deutsche Bank.
The firm initiated coverage on GE with a "Buy" rating and $25 price target, suggesting an 11% upside to the stock's Thursday closing price of $22.51.
Deutsche Bank said it became bullish on GE due to the company's prospects to benefit from a potential economic recovery.
GE shares were mostly flat in premarket trading Friday.
The Bottom Line
We have been recommending shares of General Electric ( GE ) since Dec.9, 2011, when the stock was trading at $16.80. The company has a 3.02% dividend yield, based on last night's closing stock price of $22.51.
General Electric Company ( GE ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.