Analysts: General Electric’s Selloff is an Opportunity and 2 Other Research Notes to Check Out
General Electric (NYSE:GE): Argus believes that General Electric’s selloff creates a buying opportunity, especially following the company’s higher than expected Q1 EPS. The firm is anticipating the company’s industrial division will rebound in 2H13. It reiterates a $25 price target on its shares.
Halliburton (NYSE:HAL): Susquehanna believes that Halliburton is trading at a discount, citing its international expansion opportunities, better than anticipated margins in North America, and overall outlook. It rates the shares Positive, with a $48 price target.
Wabash (NYSE:WNC): Sterne Agee believes share of Wabash should be bought on any weaknesses, given its March net orders were in-line with normal seasonality. The firm believes that industry pricing and favorable raw material cost trends will benefit the company’s profits for 2013, and keeps a Buy rating on the stock.