GE Shares Move Higher Thursday With Heavy Volume
12 Décembre 2019 - 10:12PM
Dow Jones News
By Stephen Nakrosis
Shares of General Electric Co. (GE) are among the most active
stocks Thursday, after UBS raised its recommendation and price
target on the stock.
At 3:37 p.m. EST, shares of GE had risen 4.88% to trade at
$11.50. Volume topped 72.1 million shares, above the 65-day average
of some 50.6 million. The stock is closing on the 52-week high of
$11.84, reached in November.
Before the bell Thursday, UBS upgraded GE to buy from hold, and
raised its price target to $14 per share from $11.50, as reported
by Barron's. A UBS analysts said 2020 would be an "inflection year"
for the company.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 12, 2019 15:57 ET (20:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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