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

In a report published Tuesday, Credit Suisse analyst Julian Mitchell reiterated an Outperform rating on

, 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.