William Blair Reiterates Outperform Rating on General Electric (GE) After Realistic Outlook Offered At Miami Conference

William Blair analyst Nicholas Heymann reiterated an Outperform rating on General Electric (NYSE: GE) after the CEO, Larry Culp, presented at the Electrical Products Group Conference in Miami on Wednesday, May 22 and offered a realistic outlook that sets a moderately low bar.

The analyst stated "Mr. Culp remains very positive, but also acknowledged that GE’s better-than-expected first quarter 2019 performance should be viewed as due to an unusual confluence of events rather than the new norm". "Mr. Culp believes the two most important components to GE’s return to success are changing how it runs its businesses and accelerating the company’s deleveraging. GE expects to make significant progress deleveraging its balance sheet in 2019, while it continues to alter and improve how it operates its businesses with more rigor every day".

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 $9.83 yesterday.

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