Why General Electric Stock Popped Today
Shares of General Electric (NYSE: GE) climbed 5.6% on Friday, following positive analyst commentary.
Barclays analyst Julian Mitchell reiterated his "overweight" rating on GE's stock and increased his share price forecast from $9 to $11. His new price target represents potential gains for shareholders of roughly 19%, based on the stock's closing price of $9.25 on Friday.
Analysts at Barclays see GE's cash flow rebounding sharply in the coming years. Image source: Getty Images.
Source Fool.com
