Nomura Securities Maintains a 'Buy' on General Electric (GE); Highlights From Investor Day
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Price: $159.16 -2.13%
Rating Summary:
20 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
20 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Nomura Securities maintains a 'Buy' on General Electric (NYSE: GE) price target of $20.00.
Nomura analyst, Shannon O’Callaghan, said, "GE is working a balanced plan for double digit earnings growth in 2012, which aims for good organic growth of 5%-10% and 50 bps of industrial margin improvement, but lacks potential bigger catalysts like any signs of a meaningful turn for the better in Energy margins or signs of a near-term capital release out of GE Capital. We maintain our Buy rating. Our $20 price target represents 13x our 2012 EPS estimate of $1.50."
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 $16.42 yesterday.
Nomura analyst, Shannon O’Callaghan, said, "GE is working a balanced plan for double digit earnings growth in 2012, which aims for good organic growth of 5%-10% and 50 bps of industrial margin improvement, but lacks potential bigger catalysts like any signs of a meaningful turn for the better in Energy margins or signs of a near-term capital release out of GE Capital. We maintain our Buy rating. Our $20 price target represents 13x our 2012 EPS estimate of $1.50."
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 $16.42 yesterday.
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