General Electric (GE) Base Case Could Be as High as $16 - William Blair

William Blair analyst Nicholas Heymann reiterated an Outperform rating on General Electric (NYSE: GE) after meeting with with the Senior VP of Business Transformation Daniel Janki and Director of Investor Relations JJ Foley.

The analyst stated "We believe GE’s underlying intrinsic value (with no value assigned to Power) is somewhere in the $14-$16 per share based on enterprise valuations for similar businesses serving the same end markets. While we do not have specific share price targets for stocks at William Blair, this now seems to be a highly feasible base-case valuation for GE’s share price over the next 6-12
months. If Power’s turnaround plan is judged feasible, realistic, and not exorbitantly costly, we believe a slight discount to our prior sum-of-the-parts (SOTP) valuation discounting Power at 50% of its book value of $17.35-$19.55 per share (perhaps $17-$19 per share) could be a plausible valuation for GE’s shares over the next 12-18 months".

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 $9.35 yesterday.

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