Citigroup Reiterates Buy Rating, $25 PT on General Electric Company

In a report published Friday, Citigroup reiterated its Buy rating and $25.00 price target on General Electric Company

. Citigroup noted, “We rate the shares of GE Buy. There is no question that the dark days of the financial crisis and recession shook GE investor confidence. With those days thankfully behind the company and armed with lessons learned, we believe cold-eyed investors should be increasingly encouraged about the prospects for GE's growth machine to get back on track. Fundamentals improving, anchored in high quality industrial earnings. The GE Capital crisis has passed, losses appear to have peaked and the resized business should continue to post double-digit net income growth in 2012 while shrinking its balance sheet. Arguably overlooked, GE's core industrial businesses (at least 65% of normalized earnings) have demonstrated impressive resiliency.” General Electric Company closed on Thursday at $22.03.