Goldman Sachs Maintains Buy on General Electric (GE)

Goldman Sachs maintains its Buy rating on General Electric GE after GE Capital's Investor meeting yesterday. In a note to clients, Goldman Sachs writes, "We maintain our Buy rating on GE shares, with Tuesday's update reinforcing an improving GECS outlook and potential upside to our 2011-12 GECS EPS estimates of $0.50 /$0.70. Looking ahead, GE appears well positioned to boost its common dividend – perhaps by 30%+ within the next 6-9 months in our view – with moderate potential that an increase is announced in conjunction with next Tuesday's (12/14) outlook meeting." Goldman Sachs has a $19 price target on GE which closed yesterday at $17.03.