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General Electric’s Price Target Boosted at Goldman Sachs (GE)

Posted: 12/15/2010 9:26:00 AM
Referenced Stocks: GE

Multinational conglomerate General Electric Company ( GE ) on Wednesday saw its price target raised by analysts at Goldman Sachs.

The firm said it now expects GE shares to reach $21, implying a 19% upside to the stock's Tuesday closing price of $17.69. Goldman noted that the company's credit losses appear to have bottomed, and reiterated its "Buy" rating on the stock.

General Electric shares were mostly flat in premarket trading Wednesday.

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 3.17% dividend yield, based on last night's closing stock price of $17.69.

General Electric Company ( GE ) is a "Recommended" dividend stock, holding a 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 .