Cowen & Co. analyst Gautam Khanna maintained a Hold rating on General Electric (NYSE: GE) today and set a price target of $12. The company’s shares closed on Friday at $12.32, close to its 52-week low of $11.21.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 11.1% and a 65.8% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Currently, the analyst consensus on General Electric is a Hold with an average price target of $15.04, representing a 22.1% upside. In a report issued on October 11, Credit Suisse also initiated coverage with a Hold rating on the stock with a $14 price target.
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The company has a one-year high of $23.84 and a one-year low of $11.21. Currently, General Electric has an average volume of 70.86M.
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