UPDATE: Credit Suisse Lowers Price Target On General Electric Following Q4 Earnings
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 2016||Morgan Stanley||Maintains||Equal-weight|
|Jul 2016||Bernstein||Maintains||Market Perform|
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