GE Will Benefit From Growing IT In Industrials: Credit Suisse

Credit Suisse’s Julian Mitchell and team attended General Electric’s ( GE ) digital investor meeting, and reiterated an Outperform and $34 price target on the stock Friday. They write that it’s been “clear for some time” that GE looks like it could be far better positioned than most electrical equipment and multi-industry companies in terms of taking advantage of the emergence of IT in the industrial world, thanks to its financials, the complex nature of its products and its willingness to invest in its own business. The meetings just reinforced their bullish view: Read More »