Citi reiterates its Buy rating and $24 price target for GE after today's dividend raise; GE now...

|By:, SA News Editor

Citi reiterates its Buy rating and $24 price target for GE after today's dividend raise; GE now boasts a sector-best 3.5% dividend yield. GE’s fundamentals are improving, anchored in high quality industrial earnings, while "the GE Capital crisis has passed, losses appear to have peaked and the re-sized business should continue to post double-digit net income growth."