Deutsche Bank analyst Nicole DeBlase made a "Catalyst Call" buy on shares of General Electric as a short-term idea. The analyst keeps a Hold rating on the stock with a $12 price target. The stock closed Friday down 24c to $11.67. It is difficult to identify positive catalysts this quarter, given that sell-side consensus forecasts generally remain too high, DeBlase tells investors in a research note. However, the analyst sees the potential for GE to deliver a beat in Q4 and 2020 guidance "that suggests upside to current consensus at the midpoint of the range." Despite GE's recent share price outperformance, DeBlase sees potential for continued upward momentum in the stock price.

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