General Electric (GE) PT Lowered to $9 at Goldman Sachs
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Price: $325.48 +1.96%
Rating Summary:
26 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 31
Rating Summary:
26 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 31
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Goldman Sachs analyst, Joe Ritchie, lowered the price target on General Electric (NYSE: GE) to $9.00 (from $12.00) while maintaining a Neutral rating.
The bottom line is Ritchie estimates there is a ~$20bn gap in Capital funding through 2020 that will be looked to be filled via Capital asset sales as well as an equity infusion from the Parent.
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