Citi sees bright future for GE after Q3 earnings


"Even with shares hitting a five-year high, we see Q3's 19% surge in orders with record $229B backlog, 63% incrementals, and upside operating margins setting the stock up well," Citi's Deane Dray says, adding General Electric (GE +2.4%) to the firm's U.S. Focus List.

Dray thinks there's room for multiple expansion as GE moves closer to its "target mix of mix of 70% industrial and 30% finance."

See Dray's Q&A with management on the Q3 CC. (transcript)

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Comments (1)
  • FinancialDave
    , contributor
    Comments (1634) | Send Message
     
    I think the Street agrees, up almost 2.5% today.
    21 Oct 2013, 01:51 PM Reply Like
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