GE books $4.2 billion charge, restates earnings as expected

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Go back to GE books $4.2 billion charge, restates earnings as expected

JPMorgan Reiterates Underweight on General Electric (GE)

April 16, 2018 1:40 PM EDT

JPMorgan reiterated an Underweight rating and $11.00 price target on General Electric (NYSE: GE). Analyst Stephen Tusa says that there was no obvious headline bombshell event on the restatements, though there is plenty to reinforce JPMorgan's negative thesis and suggests that the $11 PT... More

BofA/Merrill Lynch Remains Sidelined on General Electric (GE)

April 16, 2018 8:43 AM EDT

BofA/Merrill Lynch reiterated a Neutral rating and $17.00 price target on General Electric (NYSE: GE) after the company restated 16 and 17 financials to incorporate new accounting rules, which many had expected to be a negative catalyst for the stock. EPS adjustments came in line with... More