Nomura Securities Maintains a 'Buy' on General Electric (GE); Highlights From Investor Day

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

Nomura analyst, Shannon O’Callaghan, said, "GE is working a balanced plan for double digit earnings growth in 2012, which aims for good organic growth of 5%-10% and 50 bps of industrial margin improvement, but lacks potential bigger catalysts like any signs of a meaningful turn for the better in Energy margins or signs of a near-term capital release out of GE Capital. We maintain our Buy rating. Our $20 price target represents 13x our 2012 EPS estimate of $1.50."

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 $16.42 yesterday.

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