UBS Removed its Short-Term Sell Rating on General Electric (GE)

UBS removed its short-term sell rating on General Electric (NYSE: GE). The firm is maintaining its Neutral rating.

Shares of GE rocketed 36% higher last week as it recovers from its absolute free fall. Two major overhangs, a dividend cut and triple-A rating cut, are now out of the way.

Also, the cost of debt protection on GE is falling - which is a good sign.

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