Multinational conglomerate General Electric Company ( GE ) on Monday caught some tepid commentary from analysts at Morgan Stanley.
The firm lowered its earnings estimates for GE through 2014, citing a flattening backlog of orders in its industrial segment. Morgan Stanley maintained its "Equal-weight" rating and $22 price target, which suggests an 11% upside to the stock's Friday closing price of $19.87.
GE shares fell 31 cents, or -1.6%, in premarket trading Monday.
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 3.42% dividend yield, based on Friday's closing stock price of $19.87.
General Electric Company ( GE ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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