We are "sticking with a buy despite a disappointing outlook," analyst Andrew Obin wrote in a note to clients Tuesday. "We believe that GE has significant cost cutting opportunities under the new leadership. We note that the company has undergone a significant reinvestment cycle, positioning the company well from a competitive standpoint."
General Electric shares had their worst day since 2009 on Monday, falling 7 percent after the company reduced its dividend and unveiled a restructuring plan during its investor day. It was the company's first investor day under CEO John Flannery, who replaced Jeff Immelt in August.
The shares fell some more on Tuesday, down another 6 percent midway through the trading day.