GE Unveils High-Speed Network Infrastructure to Connect Machines, Data and People at Light Speed to the Industrial Internet

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UBS Reiterates Buy on General Electric (GE) Following 2Q EPS Beat

July 20, 2015 9:51 AM EDT

UBS reiterated a Buy rating and $32.00 price target on General Electric (NYSE: GE) following 2Q15 results. GE reported 2Q15 EPS of $0.31, beating consensus estimates of $0.28. GE raised Industrial operating EPS guidance for 2015 by $0.03 at the low end to $1.13-$1.20.

Analyst Shannon O'Callaghan commented, "2Q industrial margins came in at 16.2%, strongly beating our... More