Goldman Sachs Lowers Outlook for General Electric, but Maintains “Buy” Rating (GE)


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Analysts at Goldman Sachs on Monday offered some further bullish commentary on multinational conglomerate General Electric Company ( GE ), despite lowering its first quarter earnings expectations.

The firm said it now expects GE's first quarter earnings to total 32 cents per share, down from a prior estimate of 35 cents. Goldman cited slower-than-expected industrial margin expansion for the move, but noted it's still bullish long-term in that arena.

Goldman also reiterated its "Buy" rating and $21 price target on GE, which suggests a 10% upside to the stock's Friday closing price of $19.15.

GE shares posted small losses in premarket trading Monday.

The Bottom Line
We have been recommending shares of General Electric ( GE ) since Dec.9, 2011, when the stock was trading at $16.80. The company has a 3.55% dividend yield, based on Friday's closing stock price of $19.15.

General Electric Company ( GE ) is a "Recommended" dividend stock, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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