General Electric Receives a Hold from Merrill Lynch

By Carrie Williams

Merrill Lynch analyst Andrew Obin maintained a Hold rating on General Electric (NYSE: GE) on April 11 and set a price target of $17. The company’s shares closed on Friday at $13.49, close to its 52-week low of $12.73.

According to TipRanks.com, Obin is ranked #1256 out of 4771 analysts.

Currently, the analyst consensus on General Electric is Hold and the average price target is $14.67, representing an 8.7% upside.

In a report issued on April 2, RBC Capital also maintained a Hold rating on the stock with a $16 price target.

The company has a one-year high of $30.54 and a one-year low of $12.73. Currently, General Electric has an average volume of 91.27M.

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