In late pre-market trade the stock is up nine cents at $15.66.
Analysts at Goldman Sachs tweeked Q4 and FY09 EPS estimates on General Electric (NYSE: GE) lower due to higher restructuring expense. Q4 EPS estimates went from $0.28 to $0.25 and FY09 went from $1.03 to $0.99. The new estimates are bascailly in-line with the Wall Street consensus.
The firm is maintaining their Buy rating and $20 price target, saying 2010-11 consensus appears beatable; peaking losses and wider margins on new business at GE Capital; balance sheet optionality likely moves above peers in 2011; and the valuation is compelling.