This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

General Electric, Industrials See Price Target Hikes

NEW YORK ( TheStreet) - General Electric (GE - Get Report) had its price target lifted by Nomura Friday, as analysts at the Japanese broker argue investor focus for the industrial sector is shifting to 2013 due to "noise" that makes it difficult to assess 2012 performance.

Nomura retained its "buy" rating on General Electric while raising its price target to $22 from $21, based on multiple of 15 times 2013 projected earnings for the conglomerate's financial unit and 10 times projections for GE Capital.

General Electric shares were up 0.21% to $19.07 in early trading Friday.

Ten industrial companies in all saw their price targets revised upward by Nomura's analysts, while two were left unchanged and none were lowered. The analysts left their overall sector rating at "Neutral" in the two-page report, and did not change overall recommendations on any company.

The companies with the biggest upside from Thursday's closing prices if they hit Nomura's target are Dover Corp. (DOV), Rockwell Automation (ROK) and Danaher Corp. (DHR).

-- Written by Dan Freed in New York.

Follow me on Twitter

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GE $26.80 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs