Nomura Securities Maintains a 'Buy' on General Electric (GE); 3Q11 First Cut - Energy Miss, 2012 DD Good

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October 21, 2011 9:20 AM EDT
Get Alerts GE Hot Sheet
Price: $368.38 +2.15%

Rating Summary:
    26 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on General Electric (NYSE: GE) price target of $20.00.

Nomura analyst, Shannon O'Callaghan, said, "After a positive Energy meeting in September, the miss is Energy margins in disappointing. GECS PTPP missed us too, but the 9.6% Tier 1 is a positive there. The company is confident of double-digit earnings growth for 2012, the dividend is strong and likely to go higher, and we think GECS has excess capital. But at the end of the day, Energy margins need to stop bleeding."

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 $16.63 yesterday.

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