General Electric: Jefferies raises its price target


(CercleFinance.com) – Jefferies maintains its Hold recommendation on General Electric (GE) stock but raises its price target to $90 (from $75).

“We are raising our forecasts for the coming years to reflect management’s guidance regarding the outlook for 2025,” the analyst said.

But Jefferies is cautious: ‘A healthy dose of skepticism is in order given the missed forecasts in the past, particularly when it comes to renewables. ‘

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