General Electric slumps after Deutsche Bank slashes its price target (GE)

pulse

November 30, 2018 8:14 PM

General Electric was down as much as 6.7% to $7.41 a share Friday after Deutsche Bank cut its price target to $7 from $11.

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The bank says it will ignore the bull case of the GE's free cash flow but doesn't foresee "a liquidity crisis" for the conglomerate.
GE's management has sped up efforts to reduce debt by selling assets.

her calculation, in the most likely scenario, GE could see about $0.34 a share of free cash flow in 2019 and $0.25 in 2020.

GE was down 58% this year.

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