General Electric (GE): Cutting Estimates But $2 Still On Target - RBC

October 24, 2016 9:04 AM EDT
Get Alerts GE Hot Sheet
Price: $31.53 -0.22%

Rating Summary:
    10 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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RBC Capital analyst, Deane Dray, reiterated his Outperform rating on shares of General Electric (NYSE: GE) and believes the symbolic $2 EPS target for 2018 is still attainable if you include potential accretion from +$20 bil in available parent leverage. However, slower-growth macro and oil pose stiff near-term operating challenges, necessitating the lowered organic revenue guidance. GE continues to execute well in tough markets and its transformation remains on track.

No change to the price target of $36.

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 $28.98 yesterday.

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