General Electric (GE) PT Lowered to $8 at Cowen

Cowen analyst Gautam Khanna lowered the price target on General Electric (NYSE: GE) to $8.00 (from $11.00) while maintaining a Market Perform rating.

The analyst commented, "GE's FCF turnaround prospects have eroded, given the sharp and protracted decline in Aviation. This extends the prospective "hangover", for years, from debt-equivalent items that will rise (debt; pension/long-term care deficit; etc)."

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