Analysts: General Electric is ‘Dead Money’ and 3 Other Notes To Look Into Today
General Electric (NYSE:GE): General Electric is cosidered to be ‘dead money’ in the near-term by JPMorgan, which has downgraded its shares from Overweight to Neutral, and likewise lowered its price target from $24 to $22. The firm cites above-average risks in 2H13, due to lower industrial growth.
Xerox (NYSE:XRX): Brean Capital maintains that Xerox has compelling value, despite macro-level headwinds. The firm referenced cash flow, valuation and improvements to its Service cost infrastructure and Printing expectations, and rates the shares a Buy with a raised price target, now at $10.50 from $9.50.
Hanesbrands (NYSE:HBI): A strong balance sheet, solid free cash flows, and a dominant market position give Brean Capital reason enough to remain buyers, and keep a Buy rating with a $52 price target.
Schlumberger Limited (NYSE:SLB): Bernstein is counting on a likely rally in 2H13, citing a benefit of higher natural gas prices and strong Middle Eastern and Asian growth. It keeps an Outperform on the stock.