Barclays Maintains an 'Overweight' on General Electric; Is GE Compelling Yet?
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Price: $368.38 +2.15%
Rating Summary:
26 Buy, 8 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
26 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on General Electric (NYSE: GE) price target of $20.00.
Barclays analyst says, "We found CEO Jeff Immelt's annual year-end address to analysts/shareholders on Tuesday to be interesting, possibly compelling, and potentially timely. Is this finally the time to own GE shares? The answer may indeed be yes. Let's explore the bull case first. 2012 may end up being the first year in a long time that GE industrial outgrows its core peer group. Powergen, oil/gas, aerospace, and even healthcare may end up being four of the better end markets that industrials sell into for 2012."
"Bear Case? GE still has a long ways to go to regain its reputation with investors. GE Capital has been a bright spot in 2011 but needs to continue its positive recovery in 2012. GE needs to show discipline with its M&A efforts. GE needs to execute on both top line and margin goals, where in the past it often missed the latter. Lastly, earnings quality needs to be good with limited tax impacts, or other short term items."
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.
Barclays analyst says, "We found CEO Jeff Immelt's annual year-end address to analysts/shareholders on Tuesday to be interesting, possibly compelling, and potentially timely. Is this finally the time to own GE shares? The answer may indeed be yes. Let's explore the bull case first. 2012 may end up being the first year in a long time that GE industrial outgrows its core peer group. Powergen, oil/gas, aerospace, and even healthcare may end up being four of the better end markets that industrials sell into for 2012."
"Bear Case? GE still has a long ways to go to regain its reputation with investors. GE Capital has been a bright spot in 2011 but needs to continue its positive recovery in 2012. GE needs to show discipline with its M&A efforts. GE needs to execute on both top line and margin goals, where in the past it often missed the latter. Lastly, earnings quality needs to be good with limited tax impacts, or other short term items."
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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