Oppenheimer Downgades General Electric

Oppenheimer analyst Christopher Glynn cut

from Outperform to Perform. Glynn reported that 2014-2015 will be a transitional period for earnings growth. Shares of General Electric now reflect expected earnings shift to 70% industrial in 2015. The analyst commented that in 2015, North America Retail Finance splitoff creates a “lingering overhang” on EPS growth. General Electric rose 34% in 2013 versus the S&P which was up 30%. Shares of General Electric closed at $27.50 on Thursday.