U.S. Markets closed

GE given 'buy' rating by UBS

GE shares are up after UBS gave the stock a "buy" rating, saying that the stock is at a "positive inflection point" into the next year. UBS, which has a new analyst watching GE, now has a $14 price target on the stock, up from the previous analyst's $11.50 target. The note points to de-levering, expectations for strong earnings growth, and improved free cash flow as reasons to like the stock.