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Morgan Stanley Starts General Electric as an “Outperform” (GE)

Posted: 1/5/2012 9:30:00 AM
Referenced Stocks: 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 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 .