General Electric Getting Wall Street’s Love Today (GE)

Created by Dividend.com

Two Wall Street firms are upgrading shares of General Electric (GE) this morning.

The first is Sandford C. Bernstein upgrading GE from a Market Perform to an Outperform and also raising their price target on the shares from $18 to $19.

Also, Oppenheimer is going from a Perform rating to an Outperform rating. The company is also raising its price target from $17 a share to $18. The firm has estimates of $1.20 in 2011 and $1.40 for 2012.

Shares of General Electric (GE) are up 2.29% in pre-market trading Friday.

The Bottom Line
We have been recommending shares of GE since Sept.16, when the stock was trading at $16 a share. The company has a 2.77% dividend yield, based on last night’s closing stock price of $14.43.

General Electric (GE) is a recommended stock at this time, 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.