Oppenheimer

General Electric’s Price Target Boosted at Oppenheimer (GE)

Multinational conglomerate General Electric Company ( GE ) on Wednesday saw its price target boosted by analysts at Oppenheimer. The firm said it now expects GE shares to reach $25, which implies a more than 20% upside to the stock’s Tuesday closing price of $20.80. Oppenheimer also maintained its “Outperform” rating on GE, citing strong growth in its industrial segment. General Electric shares were mostly flat in premarket trading Wednesday. The Bottom Line We have been recommending shares of General Electric ( GE ) since July 23, 2010, when the stock was trading at $15.21. The company has a 2.69% dividend yield, based on last night’s closing stock price of $20.80. General Electric Company ( GE ) is a “Recommended” dividend stock, 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 .

Continue Reading »

Exxon Mobil Upgraded to “Outperform” at Oppenheimer (XOM)

Exxon Mobil Corporation ( XOM ), the world’s largest oil producer, caught an upgrade on Thursday from analysts at Oppenheimer. The firm said it boosted its rating on XOM from “Perform” to “Outperform” with a $90 price target. That target implies a 20% upside from the stock’s Wednesday closing price of $74.70. An Oppenheimer analyst noted that higher oil prices should benefit the company and allow it to accelerate its share repurchase program. In the third quarter, Exxon bought back around $3 billion of its own stock. Exxon Mobil shares were up slightly in premarket trading Thursday. The Bottom Line Shares of Exxon Mobil ( XOM ) have a 2.36% dividend yield, based on last night’s closing stock price of $74.70. The stock has technical support in the $70 price area. If the shares can firm up, we see overhead resistance around the $77-$80 price levels. Exxon Mobil Corporation ( XOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 .

Continue Reading »

Craven Attention: The Sequel

Filed in gld, Gold, o, Oppenheimer by on December 31, 2010 0 Comments
Craven Attention: The Sequel

by Steven Mosher In the last episode of  ”Craven Attention” I recounted some of the things Greg Craven said during a panel discussion after Oppenheimer’s lecture of the role of scientists. [GC33D The 2010 Stephen Schneider Global Environmental Change Lecture … Continue reading →

Continue Reading »

Buy Motorola (NYSE:MOT) Before Split Says Oppenheimer

Filed in Gold Bullion prices, Gold Prices, Motorola, o, Oppenheimer, shares by on December 10, 2010 0 Comments

With Motorola (NYSE:MOT) about to split into two companies in the early part of January, Oppenheimer analyst Ittai Kidron recommends acquiring shares of the stock before the split occurs. Major reasons given by Kidron were the split will provide “an opportunity to unlock value,” and acquiring shares in the company before the split. He added, “While iPhone/Verizon is a headwind, we don’t

Continue Reading »