• Wells Fargo analyst Joseph O'Dea initiated coverage on General Electric Co (NYSE: GE) and 3M Co (NYSE: MMM).

  • General Electric was initiated with an Equal Weight rating and a price target of 7, implying an upside of 1.32%; the analyst says the shares are "fairly valued" at current levels.

  • O'Dea feels that GE's management has done a "good job of taking a complicated set of considerations and distilling them down to a single, primary focal point: high-single-digit FCF margins in 2023+."

  • 3M was initiated with an Equal Weight and a price target of 9, implying an upside of 0.67%. The analyst said that PFAS litigation is a "substantial" overhang and one that he doesn't see being resolved anytime soon.

  • Price Action: GE shares are trading lower by 0.15% at $105.35, while MMM is higher by 0.40% at $178.52 during the premarket session on Friday.

Latest Ratings for GE

Oct 2021

Wells Fargo

Initiates Coverage On


May 2021




Apr 2021

Credit Suisse



View More Analyst Ratings for GE
View the Latest Analyst Ratings

See more from Benzinga

  • Click here for options trades from Benzinga

  • 3M Price Target Cut At Barclays, JPMorgan

  • General Electric Recommends Shareholders To Reject Offer By TRC Capital Investment

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

(305) 707 0888