Daiwa Securities Downgrades General Electric (GE) to Neutral

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Stifel Downgrades General Electric (GE) to Hold, 'Dividend Cut Likely'

October 24, 2017 1:21 AM EDT

Stifel downgraded General Electric (NYSE: GE) from Buy to Hold with a price target of $22.00 (from $26.00).

Analyst Robert McCarthy cites "substantially reduced expectations" surrounding Industrial CFOA for the downgrade. The analyst believes it is likely GE will cut the dividend to $0.45 from... More