Deutsche Bank Downgrades General Electric (GE) to Sell; Weak Earnings Quality

May 12, 2017 5:53 AM EDT
Get Alerts GE Hot Sheet
Price: $81.96 -2.36%

Rating Summary:
    16 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 32 | New: 9
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Deutsche Bank downgraded General Electric (NYSE: GE) from Hold to Sell with a price target of $24.00 (from $28.00).

Analyst John Inch sees GE as overvalued given weak earnings quality and the wide gap between non-cash and cash earnings.

For an analyst ratings summary and ratings history on General Electric click here. For more ratings news on General Electric click here.

Shares of General Electric closed at $28.87 yesterday.

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