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General Electric’s Estimates Changed at Credit Suisse (GE)

By: Dividend.com
Posted: 10/18/2010 9:13:00 AM
Referenced Stocks: GE

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
We have been recommending shares of General Electric( GE ) since July 23, when the stock was trading at $15.21. Shares of General Electric( GE ) have a 2.94% dividend yield, based on Friday's closing stock price of $16.30.

General Electric Company( GE ) is a "Recommended" dividend stock, holding a Dividend.com 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 .