"After ten years on the sidelines we are upgrading to Buy," says Vertical Research's Jeff Sprague. "We see a path to create equity value."
He reminds that it took 20 years for General Electric (NYSE:GE) to "dig this hole," and it'll take more than a couple of years to climb out of it.
"While the work ahead is still hard, we think the lack of investor confidence will slowly subside."
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