Nomura Lifts Target on GE (GE), Industrial Margin Improvement a Positive Driver
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Price: $23.66 +0.38%
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade GE Now!
Nomura Securities raised its price target on Buy-rated General Electric (NYSE: GE) from $22 to $25 following yesterday's analyst day.
"We continue to see potential for GE to create value by further shrinking GE Capital as a percentage of GE," analyst Shannon O'Callaghan said. "Now, we think industrial margin improvement can become an additional positive driver as the ramp in R&D crests and simplification results in lower costs. Industrial organic growth should be better than peers, supported by large backlogs, and GE's commitment to capital discipline via buybacks, $1-$3B sized acquisitions, and double-digit dividend growth in line with double-digit earnings growth all add up to an attractive formula, in our view."
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 $22.73 yesterday, with a 52 week range of $14.02-$22.86.
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"We continue to see potential for GE to create value by further shrinking GE Capital as a percentage of GE," analyst Shannon O'Callaghan said. "Now, we think industrial margin improvement can become an additional positive driver as the ramp in R&D crests and simplification results in lower costs. Industrial organic growth should be better than peers, supported by large backlogs, and GE's commitment to capital discipline via buybacks, $1-$3B sized acquisitions, and double-digit dividend growth in line with double-digit earnings growth all add up to an attractive formula, in our view."
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 $22.73 yesterday, with a 52 week range of $14.02-$22.86.
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