Information Provided By: 
Fly News Breaks for March 28, 2017
GE
Mar 28, 2017 | 07:00 EDT
JPMorgan analyst C. Stephen Tusa lowered his price target for General Electric to $27 and keeps an Underweight rating on the shares. The sell-side bull thesis is shifting focus away from the $2.00 earnings per share target in 2018 to free cash flow, which is "seemingly appropriately," Tusa tells investors in a research note. The analyst views the emerging bull case on free cash flow as "overstated and not plausible." He notes his new $27 price target still implies a premium 4% free cash yield and "solid" 3.5% dividend yield.
News For GE From the Last 2 Days
GE
Apr 15, 2024 | 13:10 EDT
GE has sold Crotonville, its management academy outside New York City, to an entity made up of real-estate investors and family offices for $22M, The Wall Street Journal's Chip Cutter reports, citing people familiar with the matter and the deed of the sale. It will now function as a conference center able to be booked by outside groups, according to the report. GE's decision to sell Crotonville reflects its split into three separate companies. Reference Link
