- The shares of General Electric Company (NYSE: GE) have received a $120 price target from Bernstein. These are the details.
The shares of General Electric Company (NYSE: GE) have received a $120 price target from Bernstein. And Bernstein analyst Brendan Luecke initiated coverage of General Electric with an “Outperform” rating.
Luecke had initiated the U.S. multi-industry and electrical equipment sector at a time of great uncertainty. And Luecke sees supply chain disruptions threatening revenue forecasts and inflation pressuring margins. But Luecke believes all of this is transitory.
Going forward, Luecke is bullish on GE and is ahead of consensus estimates on mid-term operating margin expansion, especially in the Renewables and Power segments.
Plus Luecke views the spin as good news for investors and noted that GE’s component parts are easily scalable public companies.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
