Credit Suisse Trims Estimates on GE (GE) Due to Japan

Credit Suisse trimmed 2011 EPS estimates on General Electric (NYSE: GE), as the firm expects the company to take a small potential hit due to Japan.

The analyst notes that GE has $8 billion in Commercial Real Estate exposure in Japan, with $10 billion in commercial receivables. "There is a risk of additional impairments and provisions in the CRE portfolio, but CLL is likely to be largely unaffected," they said.

The firm lowered 2011 EPS estimate to $1.32 from $1.34

The firm maintained their Outperform rating and $23 price target.

For more ratings news on General Electric click here and for the rating history of General Electric click here.

Shares of General Electric closed at $19.53 yesterday, with a 52-week range of $13.75-$21.65.

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