General Electric’s Estimates Boosted at Morgan Stanley (GE)

Multinational conglomerate General Electric Company (GE) on Friday caught some continued bullish sentiment from analysts at Morgan Stanley.

The firm maintained its “Overweight” rating and $21 price target for GE, which suggests 11% upside to the stock’s Thursday closing price of $18.88. Morgan Stanley also lifted its earnings estimates for the company through 2014, citing GE’s plans for increase share buybacks.

General Electric shares, which have risen about 5% year-to-date, posted modest gains in premarket trading Friday.

The Bottom Line
We have been recommending shares of General Electric (GE) since Dec.9, 2011, when the stock was trading at $16.80. The company has a 3.60% dividend yield, based on last night’s closing stock price of $18.88.

General Electric Company (GE) is a “Recommended” dividend stock, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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