Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Goldman Keeps GE on Recommended List


Goldman Sachs reiterated its recommended list rating for General Electric (GE) and American Standard (ASD).

Analyst Martin Sankey says he issued Electrical Equipment Quarterly report, which highlights theme that recently-issued indicators underscore his long-standing view of continuing weak demand for industrial capital goods. He says downward pressure on second-half 2002 EPS estimates and 2003 estimates may not fully account for quality of earnings issues. He notes that even good news contains ominous forebodings, such as May industrial production rising for the fifth straight month, but business equipment production falling 10.2% vs. a year ago.

Against this backdrop, thinks GE, ASD, Cooper Industries (CBE), Emerson Electric (EMR), and Watsco (WSO) offer the best value in the group.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus