Nomura Securities Maintains a 'Buy' on General Electric (GE); Analysis of GE’s Energy Investment

Nomura Securities maintains a 'Buy' on General Electric (NYSE: GE) price target of $20.00.

Nomura analyst, Shannon O’Callaghan, said, "GE’s energy investments are positioned to pay off, which could trigger a sentiment shift. GE has a world-leading Energy business that is extremely well positioned for a world now biased towards gas-fired power generation, an oil & gas industry poised for continued upstream to downstream investment, and a renewables business that will still play a role. They have invested organically and inorganically to be in this position and now they need to deliver, especially on two main fronts: 1) segment margins, and 2) returns on acquisitions. Our $20 price target is based on 13x our 2012 EPS estimate of $1.50."

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 $16.04 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• America Can't Make Its Own Ammunition Metal. A Nevada Project Just Defined One of the Largest Domestic Sources
• KinderCare Learning Companies (KLC) PT Lowered to $4.50 at UBS
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker