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GE Cut to Perform at Oppenheimer; 2014-15 to Be ‘Transitional’ 2014-01-03 13:24:24.241 GMT
By Libby Sallaberry Jan. 3 (Bloomberg) -- GE cut to perform vs outperform by Oppenheimer; analyst Christopher Glynn says 2014-2015 to be transitional period for earnings growth. * Shrs now reflect expected earnings shift to 70% industrial in 2015 * In 2015, N. America Retail Finance splitoff creates “lingering overhang” on EPS growth * GE has 13 buys, 10 holds; avg PT $29 * GE rose 34% in 2013 vs S&P 500 Industrials (S5INDU) up 38%, S&P up 30% * NOTE: Dec. 18, GE sees 4%-7% organic industrial rev. growth in 2014
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--With assistance from Clyde Eltzroth in New York. Editor: Joanna Ossinger
To contact the reporter on this story: Libby Sallaberry in New York at +1-212-617-8044 or lsallaberry@bloomberg.net
To contact the editor responsible for this story: Joanna Ossinger at +1-212-617-7789 or jossinger@bloomberg.net