General Electric Company (GE) Maintains An Outperform Rating

Analyst Christopher Glynn at Oppenheimer (NYSE: OPY) has maintained an Outperform rating for General Electric Company (NYSE: GE).

The write-offs at the company have been flat for three quarters now. The company has managed to write-off lowest quality assets in the early part of the loss cycle.

According to Oppenheimer, the risk remains with real estate, but with 2010 range of losses, and impairments guided to $1.9-$2.9 billion, the management is justified to acknowledge at the low end the possibility of improvement.

Oppenheimer has maintained a price target of $20 for General Electric Company.