Oppenheimer Maintains an 'Outperform' on General Electric (GE); Q2 Review

July 20, 2012 9:30 AM EDT
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Price: $30.53 -2.18%

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Oppenheimer maintains an 'Outperform' on General Electric (NYSE: GE) price target of $24.00.

Analyst, Christopher Glynn, said, "All-in EPS of $0.29 declined 16% year-over-year. Adjusted for discontinued operations—5c reserve adjustment for GE Capital—and non-operating pension costs —4c—(consensus basis excludes both), continuing operating EPS of $0.38 edged the $0.37 consensus estimate and expanded 10% y-o-y...Industrial organic growth remains quite robust, and industrial OM may be trending favorably into 2H within the guidance range for up 30-50 bps for 2012, considering annualizing elevated 1H11 acquisitions, likely improving price (orders pricing up 1.2% in 2Q12), expected volume leverage, and possibly mix."

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 $19.80 yesterday.

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