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UPDATE: Credit Suisse Lowers Price Target On General Electric Following Q4 Earnings

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In a report published Tuesday, Credit Suisse analyst Julian Mitchell reiterated an Outperform rating on General Electric Company (NYSE: GE), but lowered the price target from $30.00 to $29.00.

In the report, Credit Suisse noted, “Following Q4 earnings, we reduce our EPS estimates (which exclude the Alstom deal, pending its closing), and our TP moves to $29 (from $30). We rate the stock OP, but acknowledge that it is largely a valuation call at present, and the stock is not exactly overburdened with positive near-term catalysts.”

General Electric closed on Monday at $24.59.

Latest Ratings for GE

Oct 2016CitigroupMaintainsBuy
Oct 2016Morgan StanleyMaintainsEqual-weight
Jul 2016BernsteinMaintainsMarket Perform

View More Analyst Ratings for GE
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Posted-In: Credit Suisse Julian MitchellAnalyst Color Price Target Analyst Ratings


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