Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Keeps Recommended List on GE

Goldman Sachs reiterates its recommeneded list ratings for General Electric (GE) and American Standard (ASD).

Analyst Martin Sankey says he issued an Electrical Equipment Quarterly report, which highlights the theme that recently issued indicators have demonstrated Sankey's long-standing view of continuing weak demand for industrial capital goods as well as downward pressure on second half 2002 earnings per share and 2003 EPS estimates that may not be fully accounting for quality-of-earnings issues.

Sankey notes that even the good news contains ominous forebodings, such as May industry production rising for the fifth straight month, but business equipment production falling 10.2% vs. a year ago. Against this backdrop, he thinks GE, American Standard, Cooper Industries (CBE), Emerson Electric (EMR) and Watsco (WSO) offer the best value in the group.

blog comments powered by Disqus