Deutsche Bank puts short-term buy on GE shares, keeps Hold rating - InvestingChannel

Deutsche Bank puts short-term buy on GE shares, keeps Hold rating

Deutsche Bank analyst Nicole DeBlase made a “Catalyst Call” buy on shares of General Electric as a short-term idea. The analyst keeps a Hold rating on the stock with a $12 price target. The stock closed Friday down 24c to $11.67. It is difficult to identify positive catalysts this quarter, given that sell-side consensus forecasts generally remain too high, DeBlase tells investors in a research note. However, the analyst sees the potential for GE to deliver a beat in Q4 and 2020 guidance “that suggests upside to current consensus at the midpoint of the range.” Despite GE’s recent share price outperformance, DeBlase sees potential for continued upward momentum in the stock price.