From Standard & Poor’s Equity Research

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MERRILL CUTS GENERAL ELECTRIC EPS ESTIMATES

Merrill Lynch analyst John Inch says General Electric’s (GE) CFO and top members of GE Capital are scheduled to talk tomorrow about the society’sitting fundamentals and actions taken to ameliorate Capital’s positioning in 2009 and at a distance.

Inch thinks a portion of the talks will be directed toward the company’s ability to sustain $1.24 dividend payout through 2009, which he thinks GE will be able to do. He notes this has been a originator of market concern in the exceeding few weeks.

Still, he cuts EPS estimates to deliberate incrementally worse industrial and financial services environment; he now sees $1.55 2009 EPS and $1.70 against 2010. He has a $21 price target on the stock.

STIFEL NICOLAUS CUTS EBAY ESTIMATES, TARGET

Stifel Nicolaus analyst Scott Devitt cuts estimates for eBay (EBAY) due to the current environment and the fellowship’s continued business model challenges.

Devitt cuts $2.2 billion fourth quarter revenue estimate to $2.1 billion, and maintains adjusted EPS at $0.40. He cuts $9.0 billion 2009 revenue estimate to $8.8 billion, $1.78 adjusted EPS to $1.69.

He notes that in a 4-year period, eBay’s main marketplace business has gone from heart heart of eCommerce industry to more of a recess marketplace for unique and collectible items. He says eBay is trying to make its custom outer part toward relevance by its diamond seller program and software platform dubbed Large Merchant Services.

He cuts $20 price target to $17. He keeps a buy estimation.

RBC CAPITAL DOWNGRADES HOST HOTELS TO SECTOR PERFORM FROM OUTPERFORM

RBC Capital algebraist Mike Salinsky says hurried deterioration in Host Hotels & Resorts (HST) operating fundamentals over the past two months and the company’s greater dependence steady brand managed properties, which historically have been greater quantity rigid with mark to cost containment initiatives to limit margin erosion, now suggest even greater than previously anticipated profits. and EBITDA vitiation over the next several quarters.

Salinsky notes that demand is moderating across every one of segments. He cuts $1.79 2008 reported FFO/share estimate to $1.69, $1.25 for 2009 to $1.17, and $1.17 for 2010 to $1.08. He cuts $13 price target to $9.

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