BOSTON (Reuters) - General Electric Co (GE.N) shares rose more than 6 percent on Thursday after J.P. Morgan raised its price target on the stock to $22 from $20, saying investors underappreciate potential earnings recovery at the GE Capital finance unit.
JP Morgan analyst Stephen Tusa called GE "our top pick in this (industrial) group" in a note to clients.
"We believe that normalized earnings at (GE Capital) could be significantly better than current expectations," Tusa wrote.
The shares of the largest U.S. conglomerate were up 93 cents at $16.38, their highest since early December.
Over the past year of trading, GE shares have lost some 8 percent of their value, trailing the 17 percent rise of the Dow Jones industrial average .DJI.
There is a GE call warrant listed in KLSE, I surely think it is worth a look. Low premium and high gearing.
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