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General Electric’s Estimates Changed at Credit Suisse (GE)
10/18/2010 9:13:00 AM
Multinational conglomerate General Electric Company( GE ) on Monday saw its 2010 and 2011 earnings estimates altered by analysts at Credit Suisse.
The firm boosted its 2010 EPS estimate for GE to $1.13, but cut its 2011 estimate $1.32, noting the company could see downside in its Power segment.
Credit Suisse maintained its "Outperform" rating and $22 price target on GE, which implies a 35% upside to the stock's Friday closing price of $16.30.
General Electric shares were mostly flat in premarket trading Monday.
The Bottom Line
General Electric Company( GE ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.