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Morgan Stanley Starts General Electric as an “Outperform” (GE)
Multinational conglomerate General Electric Company ( GE ) 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% dividend yield.
General Electric shares posted small losses in premarket trading Thursday.
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 3.66% dividend yield, based on last night's closing stock price of $18.56.
General Electric Company ( GE ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.