In a report published Tuesday, Credit Suisse analyst Julian Mitchell reiterated an Outperform rating on General Electric Company 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in