Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Hank who wrote (4750)	1/21/2009 10:16:57 AM
From: RockyBalboa	Read Replies (2) of 6370

Hmm... after earnings? GS cut >>>>>>>>>>>>>> Goldman Sachs cut General Electric's share price target to $15 from $17 Wednesday, but said the company's industrial cash flow can sustain its dividend this year. General Electric [GE 12.78 -0.15 (-1.16%) ], the parent company of CNBC, is due to report fourth-quarter results Friday. Goldman Sachs [GS 66.94 7.74 (+13.07%) ] also cut its forecast for GE's fourth-quarter profit per share to 36 cents from a previous estimate of 45 cents. On average, analysts polled by Thomson predicted a profit of 37 cents a share.

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