GE down 1.7% as JPMorgan turns more negative

Sep. 07, 2017 7:56 AM ETGeneral Electric Company (GE)GEBy: Stephen Alpher, SA News Editor73 Comments
  • via Notable Calls
  • The coming "reset" is going to be far worse than expected, says the team at JPMorgan. They see downside risk to their already well-below consensus estimates, driven by structural weakness in power, a less than hoped-for bounce in oil & gas, and a more GAAP approach to reported numbers.
  • Outside of maybe Tyco in the late 90s, the team says it's never seen a large cap narrative go from $2+ EPS to something with a $1 handle and a risky dividend.
  • JPMorgan sees the stock headed to $17-$19 vs. last night's close of $24.92.
  • GE -1.7% premarket

Recommended For You

Comments (73)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.