Credit Suisse Reiterates Neutral Rating on General Electric (GE)

January 27, 2021 7:42 AM EST
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Price: $13.62 +1.34%

Rating Summary:
    13 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Credit Suisse analyst John Walsh reiterated a Neutral rating and $11.00 price target on General Electric (NYSE: GE) following the company's 4Q earnings report. Q4 organic orders and sales declined 3% and 14% y/y, respectively. FY20 orders declined 17%, with 95% of the decline attributable to Aviation. Industrial FCF of $4.4B was better than expected (vs. guidance of >$2.5B and consensus of $2.6B) and represents a yr/yr increase of $500mn/ $900mn ex-BioPharma.

Management will provide a full outlook during GE’s investor day on 03/10/21, but offered an overview of FY21 expectations. Industrial FCF is guided to $2.5-$4.5B, capturing consensus of $3.45B into the print. Adjusted EPS of $0.15-$0.25 compares with consensus estimates of $0.37.

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 $11.18 yesterday.

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