Entering text into the input field will update the search result below

JPMorgan cuts General Electric PT to $10

Sep. 20, 2018 7:31 AM ETGeneral Electric Company (GE) StockGEBy: Yoel Minkoff, SA News Editor122 Comments
  • General Electric (NYSE:GE) -2.2% premarket after JPMorgan cut its PT on the conglomerate - to $10 from $11 - saying a key gas turbine launch spells more trouble for the firm's power division.
  • Checks on two initial U.S. installations revealed failures of the first stage blade of GE's H-frame gas turbine, according to longtime bear Stephen Tusa, who lowered his 2019 EPS to $0.75/share from $0.80, and to $0.82/share from $0.92 in 2020.
  • The impact on "asset value" represents a negative development for a company that has little wiggle room for more "shoes to drop."

Recommended For You

About GE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
GE--
General Electric Company