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.