Shares of General Electric Co. gained ground Thursday after bullish UBS analyst Chris Snyder raised his price target by 15%, saying the aviation, power and renewable-energy company is a defensive play in the face of a worrisome economic outlook.
Synder said while the market’s valuation of GE’s GE stock may be “pushing near the upper limit,” his chief concern is geopolitical, not macroeconomic.
“[GE’s]…
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