Barclays maintains an 'Overweight' on General Electric (GE); Earnings Preview - Still a Top Pick

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Barclays maintains an 'Overweight' on General Electric (NYSE: GE) price target of $22.00.

Analyst, Scott R. Davis, said, "GE should have a good quality quarter with upside coming from the most important driver-industrial margins. Both oil/gas and gas powergen service should surprise positively and sets up well for rest of 2012. Earnings quality is normally the key for GE and accelerating energy service revenue will more than offset sell through of weaker price equipment backlog."

Davis said GE is a Top Pick and expects a strong U.S. Gas Turbine cycle.

For an analyst ratings summary and ratings history on General Electric click here. For more ratings news on General Electric click here.

Shares of General Electric closed at $18.90 yesterday, with a 52 week range of $14.02-$21.00.

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