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Fly News Breaks for April 25, 2017
GE
Apr 25, 2017 | 06:53 EDT
BofA/Merrill analyst Andrew Obin downgraded General Electric and lowered its price target to $31 from $35 ahead negative earnings revisions, especially to 2018 estimates. The firm's analyst sees headwinds from weaker Oil & Gas margin, Healthcare, and Power and reduced estimates below consensus. Obin's 2018 moves to $1.72, versus consensus of $1.90.
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