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Benzinga

Business

Akanksha Bakshi

Barclays Trims GE Price Target By Less Than 1% - Read Why

GE Barclays Julian Mitchell General Electric Co

General Electric Co's (NYSE:GE) price target has been lowered to $115 (an upside of 22%) from $116 by Barclays analyst Julian Mitchell.
The analyst maintained the Overweight rating on the shares.
Related: GE Reiterates FY22 Outlook At Its 2022 Investor Day
Mitchell lowered earnings estimates for 2022 and 2023.
The analyst anticipates 2022 to be a more back-end-loaded year for the company.
Also Read: GE Stock Slides As Supply Chain Headwinds Masks Progress
Price Action: GE shares are trading higher by 2.38% at $94.19 on the last check Tuesday.

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