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Fly News Breaks for November 23, 2015
GE
Nov 23, 2015 | 07:16 EDT
Credit Suisse analyst Julian Mitchell removed General Electric from the US Focus List as catalysts have played out and are becoming more reflected in valuation. Mitchell increased raised his estimate to account for the closing of the Alstom acquisition but views consensus forecasts as too high. The analyst maintains is Outperform rating and increased his price target to $34 from $31 given high industrial earnings, Services driven cash flow, and capital redeployment.
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