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

Markets & Finance

A.G. Edwards Upgrades General Electric to 'Buy'

A.G. Edwards upgraded General Electric (GE) to buy, from hold.

Analyst Tony Boase says he although it's an early call, there's evidence of an economic rebound. Still, he sees flat profit growth in 2004 for the diversified conglomerate. Boase says meaningful earnings growth isn't projected until 2005 or 2006, but considering GE's visibility and legacy, he thinks it's better to be early than late.

Boase adds that the negative surprises and dramatic portfolio shifts/moves are behind the company. He believes difficult markets in industrial, specialty materials, plastics, aircraft engines, and power are poised for a turnaround. He set a $35 price target on the shares.

blog comments powered by Disqus