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General Electric’s Price Target Boosted at Oppenheimer (GE)

Posted
2/2/2011 9:05:00 AM
By: Dividend.com
Referenced Stocks:GE

Multinational conglomerate General Electric Company ( GE ) on Wednesday saw its price target boosted by analysts at Oppenheimer.

The firm said it now expects GE shares to reach $25, which implies a more than 20% upside to the stock's Tuesday closing price of $20.80.

Oppenheimer also maintained its "Outperform" rating on GE, citing strong growth in its industrial segment.

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 2.69% dividend yield, based on last night's closing stock price of $20.80.

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 .