Vote Now! GE vs. Wells Fargo — Which Stock Will Advance?
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Shares of General Electric look to be headed for a 20-percent increase in the next 12 months, according to the $28 price target from Jack De Gan, chief investment officer and portfolio manager at Harbor Advisory.
De Gan told CNBC's "Squawk Box" Friday that the proceeds from GE's sale of the rest of NBC Universal it still had owned to Comcast could be used for a stock buyback and/or a dividend increase later in the year. He said he's also encouraged by CEO Jeff Immelt's recent comments that could open the door to a spin-off of the GE Capital business.
CNBC and CNBC.com are units of Comcast's NBC Universal.
In our "Squawk Box Money Madness," two-seed GE goes up against three-seed Wells Fargo in our West region.
(Vote Now! General Electric vs. Wells Fargo)
Wells Fargo could see a 15-percent increase from current stock levels over the next year, Morningstar Analyst Jim Sinegal told CNBC. His price target is $43 a share.
Both of our analysts are bullish on their stocks. But what do you think?
Vote on which stock to send through to our "Emerging 8" next round on our Facebook page. It's the fifth match-up in our tournament, which started on Monday with the "Squawk 16" stocks — names among the most clicked on CNBC.com.
(Vote Now! General Electric vs. Wells Fargo)
On Thursday, in the Battle of the Banks, bottom-seed BofA ran away with it against the South's top-seed Citigroup. Bank of America got 68 percent of the vote.
(Recap: Bank Battle: Citigroup vs. BofA)
—By CNBC's Matthew J. Belvedere; Follow him on Twitter @Matt_SquawkCNBC. Neither analyst has any disclosures to report.
