Oppenheimer Maintains Outperform Rating on General Electric
According to Oppenheimer, General Electric (NYSE: GE) Outperform rating is maintained.
Oppenheimer said that GE's 2012 outlook, as presented by CEO Jeff Immelt, calls for overall double-digits earnings growth from both the Industrial and Capital sides of the house, including double digits at Energy Infrastructure, Aviation, and Transportation (likely highest rate of profit growth), with Healthcare and the diminutive HBS up single digits. “Also highlighted was GE Capital full run rate earnings recovery of $9-10B ($2.5B above '11E) at 30-40% of earnings, implying GE's long-term EPS capacity approaching $3, although the interplay of the range of these inputs admittedly involves some vagary.”
General Electric closed yesterday at $16.61.
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