Deutsche Bank Reiterates Hold on General Electric (GE)

Deutsche Bank is out with its report today on General Electric GE, maintaining Hold. In a note to clients, Deutsche Bank writes, "With GE trading at a just 14.3x 2011e and at an attractive yield of 3%, we cannot ignore the clear value. But most of the catalysts are likely 2H loaded (2012e upside, HDGT order ramp, margin acceleration) so reiterate HOLD and $23 PT." At the time of posting, shares of GE were trading at $20.03, up 0.40% from Thursday's close.