Goldman Sachs Reiterates Buy on General Electric

Goldman Sachs is out with its report today on General Electric GE, reiterating Buy. In a note to clients, Goldman Sachs writes, "We reiterate our Buy rating following solid 2Q results, orders, and outlook that reinforced our view that (1) GE's very-late-cycle Industrial portfolio is building momentum, (2) visibility on a multi-year upturn in GE Capital earnings is improving, and (3) cash return to shareholders is set to accelerate. 2Q EPS of $0.34 beat GS/consensus $0.33/$0.32 with stronger GECS results offsetting weaker Energy profits, which yet likely bottomed in 2Q." At the time of posting, shares of GE were trading pre-market at $18.87, down 0.89% from Friday's close.