Oppenheimer Raises Numbers On GE (GE)
Tweet
Share
E-mailGet Alerts GE Hot Sheet
Price: $355.12 -0.7%
Rating Summary:
26 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
26 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Join SI Premium – FREE
Oppenheimer today reiterated an Outperform rating on General Electric (NYSE: GE) and raised its price target to $25.00 (from $24.00).
Commenting on GE's Q4 results issued last week, analyst Christopher Glynn said "Industrial OM expansion of 120 bps was broad-based, with Power & Water the most pleasant surprise at 22.8%, up 80 bps y-o-y, on solid services mix and cost productivity."
Analysts anticipate significant 1Q13 revenue contraction in GE's Power & Water segment, but the contraction should be partially offset by healthy margins.
"Along with revenue comparison headwinds at P&W, Transportation organic growth outlook appears challenging, with acqs adding about 10%. We anticipate mix tailwinds to OM at Transportation largely offset by acqs, resulting in flattish OM," added Glynn.
Oppenheimer raised 2013E EPS estimate to $1.65 from $1.63 and announced 2014 EPS estimate of $1.80.
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 $22.01 yesterday.
Commenting on GE's Q4 results issued last week, analyst Christopher Glynn said "Industrial OM expansion of 120 bps was broad-based, with Power & Water the most pleasant surprise at 22.8%, up 80 bps y-o-y, on solid services mix and cost productivity."
Analysts anticipate significant 1Q13 revenue contraction in GE's Power & Water segment, but the contraction should be partially offset by healthy margins.
"Along with revenue comparison headwinds at P&W, Transportation organic growth outlook appears challenging, with acqs adding about 10%. We anticipate mix tailwinds to OM at Transportation largely offset by acqs, resulting in flattish OM," added Glynn.
Oppenheimer raised 2013E EPS estimate to $1.65 from $1.63 and announced 2014 EPS estimate of $1.80.
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 $22.01 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Incyte (INCY) PT Raised to $105 at Truist Securities
- Definium Therapeutics Inc (DFTX) PT Raised to $52 at Leerink
- Eledon Pharamceuticals (ELDN) PT Raised to $7 at Leerink
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
