General Electric May Lower GE Capital Profit Forecast After S&P Downgrade

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ByLoSellHi

Isn't it lovely how Wall Street works?

March 13 (Bloomberg) -- General Electric Co. may reduce its 2009 profit target for GE Capital after Standard & Poor’s lowered debt ratings and predicted “considerably weaker” results for the finance arm.

“It is clear management’s outlook remains substantially too optimistic,” Citigroup Inc. analyst Jeffrey Sprague wrote in a note to clients....

http://www.bloomberg.com/apps/news?pid=20601087&sid=ay0P8qqLm2uk&refer=home
 
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