GE cutting staff ahead of new CEO's Monday overhaul: sources

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Go back to GE cutting staff ahead of new CEO's Monday overhaul: sources

General Electric (GE) PT Lowered to $23 at BofA/Merrill Lynch on 50% Dividend Cut, Lowering of 2018 Outlook

November 14, 2017 6:28 AM EST

BofA/Merrill Lynch lowered its price target on General Electric (NYSE: GE) to $23.00 (from $27.00) while maintaining a Buy rating, following the company's analyst day.

Analyst Andrew Obin notes a cautious outlook on the shares, following the company's analyst day on Nov. 13th, that centered... More