General Electric (NYSE:GE) Shares Cheap Says UBS (NYSE:UBS)

UBS (NYSE:UBS) said they consider the share price of General Electric (NYSE:GE) as being cheap, and see limited downside for the company in 2011, as they have their dividend over 3 percent.

GE should improve along with the market says UBS, who called it “the latest of the late-cycle” multi-industry stocks."

Another expected benefit should be the GE Capital Finance unit, which should get a boost from improving credit trends.

UBS upgraded General Electric to a "Buy," which closed on Monday at $18.51, gaining $0.08, or 0.43 percent. UBS raised their price target on GE from $19 to $23.