- General Electric (NYSE:GE) made the case at its Tech Day presentation yesterday that global research leverage and synergies across businesses make them better together.
- UBS analyst Shannon O'Callaghan notes that GE is now focused on increasing its profit margins after declining to 26.5% in 2014 from 28% in 2011 due to a changing mix, but he now sees "a significant turn taking place with the whole organization aligned to attack gross margins. The cost structure has been broken down into components that each have an owner with mechanisms to track progress, plus an incentive compensation structure that supports the plan."
- O’Callaghan rates GE a Buy with a $30 price target.