Market Overview

Oppenheimer Downgrades General Electric

Share:
Related GE
Orix Says It Is Buying 17 Aircraft From GE Aviation Unit, ~$750M Value
S&P 500 Index Futures Trading Lower In Volatile Session
Honeywell buys Elster for $5 bil (Investor's Business Daily)

Oppenheimer analyst Christopher Glynn cut General Electric (NYSE: GE) from Outperform to Perform.

Glynn reported that 2014-2015 will be a transitional period for earnings growth. Shares of General Electric now reflect expected earnings shift to 70% industrial in 2015. The analyst commented that in 2015, North America Retail Finance splitoff creates a “lingering overhang” on EPS growth.

General Electric rose 34% in 2013 versus the S&P which was up 30%.

Shares of General Electric closed at $27.50 on Thursday.

Latest Ratings for GE

DateFirmActionFromTo
Apr 2015BarclaysMaintainsOverweight
Apr 2015RBC CapitalMaintainsOutperform
Jan 2015LBBWUpgradesHoldBuy

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: Christopher Glynn OppenheimerAnalyst Color Downgrades Analyst Ratings

 

Related Articles (GE)

Get Benzinga's Newsletters