General Electric slumps after Deutsche Bank slashes its price target (GE)
|11/30/2018||Posted by BusinessMediaguide.Com under General World News||
- General Electric‘s price target was to $7 at Deutche Bank.
- The bank says it will ignore the bull case of the GE’s free cash flow but doesn’t foresee “a liquidity crisis” for the conglomerate.
- GE’s management has sped up efforts to reduce debt by selling assets.
- Watch General Electric trade live.
General Electric tumbled Friday, down as much as 6.7% to $7.41 a share, after Deutsche Bank cut its price target to $7 from $11. The firm noted GE’s struggling power business “remains flattish but does not continue to decline.”
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