GE: Credit Suisse cuts earnings outlook
(CercleFinance.com) - Broker Credit Suisse has cut its earnings forecasts for GE before the GE leadership team presents the group's outlook in six days' time.
In a note to clients, analysts said that they are fine-tuning their model ahead of the company's 2019 outlook call.
The main drivers behind the revision are higher restructuring costs, and a slightly lower segment margin forecast for the healthcare unit, Credit Suisse said.
The broker maintains its "neutral" rating on the shares, with a target price of 11 dollars.
The GE share is currently up 0.2% at 9.5 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, analysts said that they are fine-tuning their model ahead of the company's 2019 outlook call.
The main drivers behind the revision are higher restructuring costs, and a slightly lower segment margin forecast for the healthcare unit, Credit Suisse said.
The broker maintains its "neutral" rating on the shares, with a target price of 11 dollars.
The GE share is currently up 0.2% at 9.5 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.