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

October 24, 2016 9:04 AM EDT
Get Alerts GE Hot Sheet
Price: $31.27 -0.29%

Rating Summary:
    10 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
Trade GE Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

RBC Capital

Add Your Comment