GE investors hope split remedies years of lackluster performance
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General Electric (GE) Stock Edges Higher on Upgrade to Buy at Deutsche Bank on Plans to Break Up
November 10, 2021 5:57 AM ESTShares of General Electric (NYSE: GE) are up about 1% in pre-open Wednesday after Deutsche Bank analyst Nicole DeBlase upgraded to Buy from Hold and raised the price target to $131.00 per share from the prior $119.00.
GE announced it will break up into three parts, focused on aviation, healthcare, and energy, a process expected to finalize through 2024.
We acknowledge that our own work does caution of stocks trading sideways from the period between spin announcement and spin... More
