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General Electric Gets Price Target Hikes

Posted by admin | Posted on 24-04-2012

Category : Business

Tags: cited, click, heymann, industrial, industrials, orders, perform, recommendation, report, stronger, target, view

NEW YORK (TheStreet) — General Electric saw two analysts raise their target prices for the conglomerate’s shares following its first quarter earnings report Friday.

Goldman Sachs analyst Terry Darling and Nick Heymann, his counterpart at William Blair, both upped their target price to $22 from $21. Darling maintained his “buy” rating on GE, while Heymann left his recommendation at “market perform.”

Two analysts raised their target prices for GE following its earnings report Friday.

Goldman’s Darling cited “stronger orders and stabilizing equipment pricing that enhances 2013 visibility.”

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