GE Stays Neutral
We maintain a Neutral rating on General Electric Company (NYSE:GE), since the shares appear to be fairly valued. While the 10.8 multiple to our earnings estimate for 2011 represents a 37% discount to the peer group, we believe the valuation is justified by GE’s weaker earnings power. The energy business is expected to drive long-term [...]
We maintain a Neutral rating on General Electric Company (NYSE:GE), since the shares appear to be fairly valued. While the 10.8 multiple to our earnings estimate for 2011 represents a 37% discount to the peer group, we believe the valuation is justified by GE’s weaker earnings power.
The energy business is expected to drive long-term growth for General Electric, as global demand for alternative energy production will continue to increase. The company had an order growth of 15% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards