Goldman Sachs Lowers Numbers on General Electric (GE) Ahead of Q3 Results
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Rating Summary:
26 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs trimmed estimates and its price target on Buy-rated General Electric (NYSE: GE) from $20 to $19 ahead of Q3 results on October 21.
The firm trimmed FY11 EPS from $1.39 to $1.38 and FY12 from $1.55 to $1.50.
Despite the cuts, Goldman views GE along with Emerson (NYSE: EMR) as the top defensive names in the multi-industry group.
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 $16.60 yesterday.
The firm trimmed FY11 EPS from $1.39 to $1.38 and FY12 from $1.55 to $1.50.
Despite the cuts, Goldman views GE along with Emerson (NYSE: EMR) as the top defensive names in the multi-industry group.
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 $16.60 yesterday.
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