UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on General Electric Company on Upside Runway

In a report published Monday, Deutsche Bank analyst John G. Inch reiterated a Buy rating on

, and raised the price target from $28.00 to $32.00. In the report, Deutsche Bank noted, “We are reducing our EPS forecast for GE to account for the planned ~20% IPO of the Retail Finance business next year, followed by a prospective ‘split-off' transaction in 2015 for the remaining ~80% that should (tax efficiently) retire hundreds of millions of GE shares. Our 2014 forecast declines from $1.85 to $1.72 – driven lower by accelerated 'naked' restructuring charges of at least $1bn and expected IPO earnings dilution. We are also introducing a 2015 EPS estimate of $1.87. We raise our price target to $32 and retain our Buy rating.” General Electric Company closed on Friday at $27.20.