Morgan Stanley Expects In-Line 3Q14 Earnings For General Electric Company

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In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on
General Electric CompanyGE
. In the report, Morgan Stanley noted, “We model roughly $37bn revenues and EPS of 37c – roughly in line with expectations. While we expect healthy industrial organic growth of 5-6%, we look for limited OM expansion (10-20bps) as price/cost benefits flatten and on price/mix headwinds at P&W, Aviation and Healthcare. CFOA will be an unusual area of focus given just $3.4bn 2Q YTD vs. $14-17bn plan with 2H ramp-up contingent on backlog conversion and w/cap benefits. We look for mid-single digit order growth on Aviation and Transportation strength, but look for continued challenges in O&G and P&W, where we would expect to see the impact of geopolitical volatility.” General Electric Company closed on Friday at $24.27.
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Posted In: Analyst ColorReiterationAnalyst RatingsMorgan StanleyNigel Coe
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