Tuesday, January 25, 2011

General Electric (NYSE:GE) PT Raised by Oppenheimer

After the improved earnings report from General Electric (NYSE:GE), Oppenheimer raised their price target on the conglomerate, while maintaining their current rating on them.

Along with strengthening metrics at the company, Oppenheimer also noted the recovery in their industrial segment as being a major catalyst for GE going forward.

Full year 2011 EPS estimates were maintained at $1.35, with more surety that GE will be able to meet it.

Oppenheimer maintained their "Outperform" rating on GE, which was trading at $19.95, down $0.09, or 0.42 percent, as of 1:43 PM EST. They raised their price target on General Electric from $21 to $23.

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