GE sticks to $2 EPS target for 2018, sells more assets

In affirming a target of $2 a share in operating earnings in 2018, Chief Executive Officer Jeff Immelt said GE would overcome expected weakness in its oil and gas business next year and dropped cautiousness the company had expressed in October. GE's target was slightly above analyst consensus estimates, and up from a range of $1.60 to $1.70 a share the company forecast on Wednesday for 2017. Immelt also stumped for U.S. tax reform, a functioning Export-Import Bank and globalization.