Oppenheimer Maintains Outperform Rating on General Electric (GE)

Oppenheimer published its report on General Electric today GEfollowing GE Capital's Investor meeting. In its report, Oppenheimer writes, "We believe positives are decidedly outweighing negatives, with portfolio margins (essentially net interest margin, but also including origination fees) expected to improve in 2011 from ~5% in 2010. This reflects higher margins on new volume and improving demand in an environment where competition remains relatively sidelined in many large verticals (private-label credit cards, commercial lending and leasing), and lower financing costs." Oppenheimer maintains its Outperform rating and $20 price target on GE. GE closed yesterday at $17.03.