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

October 24, 2016 9:04 AM EDT
Get Alerts GE Hot Sheet
Price: $31.78 +0.79%

Rating Summary:
    10 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade GE Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a 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 Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

RBC Capital

Add Your Comment