This comes after analysts visited the company's gas turbine facility in Greenville, SC, noting, "We do know a well-run facility when we see it," according to Barron's.
Along with this positive sentiment, the firm believes GE could show mid-teens EPS growth through 2018, given its acquisition of AlsomSA's power business, which was completed at the end of 2015.
Additionally, the company's enhanced digital capability should result in a significantly improved competitive position, analysts noted.
As GE continues to shed its banking business and focus more on its core industrial units, Citigroup remains optimistic on the company's progress.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its increase in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: GE