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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