Lehman: Historical Trends Suggest That GE's Near a Bottom

6/30 - 'History suggests that shares of GE could trough at a 25% discount to the S&P500. Shares are currently at an 18% discount to the market on concerns over the financial services exposure, suggesting shares could be near a bottom. We see overhang persisting through the current period of financial market dislocation, but we continue to see the potential for GE to return to a premium of up to 20% as the focus returns to the double-digit earnings growth we see over the long term....'

"Lehman reiterates OVERWEIGHT on General Electric (GE), target price $37."