General Electric (NYSE:GE) Growth to Accelerate After NBCU Sale

After selling off their NBCU unit, General Electric (NYSE:GE) should be poised to grow at a rate in the mid-single digits, according to Oppenheimer.

They reported, "Longer term, a substantial portion of the industrial portfolio is expected to grow at 2x global GDP including services (-$34B 2010 revenues) and "growth markets leadership" opportunities (resource rich and Asia; - $30B 2010 revenues). These categories account for over 75% of 2010 non-financial revenues (excluding NBCU)."

Oppenheimer maintains their "Outperform" rating on General Electric, which was trading at $17.75, up $0.26, or 1.52 percent, as of 12:19 PM EST. They raised their price target on them from $20 to $21, while increasing their EPS estimate for full year 2011 to $1.35.