Deutsche Bank Maintains Buy On General Electric Following Investor Meeting
In a research report published Wednesday, Deutsche Bank analyst John Inch maintained a Buy rating on General Electric (NYSE:GE) with a $30 price target, as the company hosted its year-end annual investor meeting.
Inch wrote, “The company provided 2015 EPS guidance of $1.70-$1.80, with expected gains from the sales of Appliances (5-7 cents) and further GE Capital divestitures to be offset with incremental restructuring charges. Industrial organic growth of 2-5% in 2015 compares to our ~5% forecast. No change to our 2015 EPS forecast of $1.75. Reiterate Buy due to valuation and improving Industrial mix.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst John Inch has a total average return of 6.6% and a 63.2% success rate. Inch has a 9.3% average return when recommending GE, and is ranked #1143 out of 3413 analysts.