The Dividend Daily

Two Wall Street firms are upgrading shares of General Electric (GE) this morning.

The first is Sandford C. Bernstein upgrading GE from a Market Perform to an Outperform and also raising their price target on the shares from $18 to $19.

Also, Oppenheimer is going from a Perform rating to an Outperform rating. The company is also raising its price target from $17 a share to $18. The firm has estimates of $1.20 in 2011 and $1.40 for 2012.

Shares of General Electric (GE) are up 2.29% in pre-market trading Friday.

The Bottom Line
We have been recommending shares of GE since Sept.16, when the stock was trading at $16 a share. The company has a 2.77% dividend yield, based on last night’s closing stock price of $14.43.

General Electric (GE) is a recommended stock at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.