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Oppenheimer Holdings Reiterates Outperform Rating, $24 PT on General Electric Company

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In a report published Wednesday, Oppenheimer Holdings reiterated its Outperform rating and $24.00 price target on General Electric Company (NYSE: GE).

Oppenheimer Holdings noted, “Margins, services execution, and global growth were highlighted as the core execution levers for GE for 2013 and beyond. Complexity was cited as fertile ground for margin improvement, given that evolution of GE's industrial portfolio over the past decade witnessed mix shift from about two-thirds US to about one-third US and roughly half of revenues now drawing from business GE was not in ten years ago. Services (>80% industrial OP) targets 5%+ revenue growth annually (~5% in 2013) driven by installed base (IB) growth compounded by services value/IB. GE noted 4Q12 slowing across Healthcare and HBS, and some energy pushouts, but expects orders up slightly (exwind) and for backlog to grow ~$2B during 4Q.”

General Electric Company closed on Tuesday at $21.69.

Latest Ratings for GE

DateFirmActionFromTo
Jul 2016BernsteinMaintainsMarket Perform
Jul 2016CitigroupMaintainsBuy
Jul 2016Goldman SachsMaintainsNeutral

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: Oppenheimer HoldingsAnalyst Color Reiteration Analyst Ratings

 

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