General Electric’s Estimates Changed at Credit Suisse (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.