Goldman Sachs Cuts Price Target, Estimates on General Electric (GE)
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Goldman Sachs lowered their price target on General Electric (NYSE: GE) from $36 to $31 while maintaining their Neutral rating. In addition, Goldman cut 2009 profit estimates on GE from $2.45 to $2.30. Goldman cited the weak credit and consumer markets.
Shares of GE are down 1.16% this morning to $27.74.
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