Multinational conglomerate General Electric Company (
) on Wednesday saw its earnings estimates trimmed by analysts at
The firm said it cut its estimates for GE through 2012, citing
worsening margins in the company's GE Energy unit.
Still, Credit Suisse maintained its "Outperform" rating and $22
price target for GE, suggesting a 37% upside to the stock's Tuesday
closing price of $16.04.
General Electric shares fell slightly in premarket trading
The Bottom Line
Shares of General Electric (
) have a 3.74% dividend yield, based on last night's closing stock
price of $16.04. The stock has technical support in the $14-$15
price area. If the shares can firm up, we see overhead resistance
around the $17-$18 price levels.
General Electric Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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