NEW YORK (
(GE - Get Report)
saw its price target raised by two analysts Tuesday as it prepares to report fourth quarter earnings on Friday.
Raising their outlook on the stock were Jason Feldman of UBS and Rossen Koev of Independent Research GmbH, according to data from
Feldman lifted his target to 21 from 20 and maintained his "buy" rating even though he sees near term risk for GE given the strong run the stock has had since early December, outperforming both the S&P 500 and
, a widely-followed industrial-sector exchange traded fund.
"We believe GE provides among the highest medium-term (12-24 month) upside potential in our large cap coverage universe," Feldman writes, adding that he views "GE as the 'latest of the late cycle' stocks, and earnings remain highly depressed relative to 'normal' across the company's segments. Feldman also cited "structural improvements" at GE's financial unit, GECS.
Koev, based in Germany, could not be reached, though he raised his target to 20 from 19 while retaining a "hold," recommendation, according to
Written by Dan Freed in New York
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