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General Electric (GE) PT Lowered to $110 at Cowen

March 11, 2022 6:48 AM EST
Get Alerts GE Hot Sheet
Price: $88.14 +0.31%

Rating Summary:
    15 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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Cowen analyst Gautam Khanna lowered the price target on General Electric (NYSE: GE) to $110.00 (from $126.00) while maintaining a Market Perform rating.

The analyst commented, "GE's 3/10 investor day affirmed the C22 guide w/ backend loaded EPS/FCF, a walk to standing C23 guidance of $10B+ op profit/$7B+ FCF, & segment-specific color that broadly tracked earlier statements. The stock's pullback provides a more attractive risk-reward (7% C23 FCF yield), although NT results will be soft (supply chain; PTC; seasonality), limiting potential for upward estimate revisions."



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