GE’s ‘Beat-and-Raise Story’ Leads Longtime Skeptic to Upgrade
- GE’s 2020 targets seem readily achievable, analyst says
- GE shares advance to their highest since October 2018
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General Electric Co. received faint praise from Wall Street on Friday as a long-time bearish analyst upgraded his rating on the stock, saying the company has successfully repositioned itself into a “high-level beat and raise story.”
Gordon Haskett analyst John Inch, who has had a sell-equivalent rating on GE since October 2018, raised it to hold, and also lifted his price target to $11 from $7.