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Why General Electric's Stock Is Trading Lower Today

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Why General Electric's Stock Is Trading Lower Today

General Electric (NYSE: GE) shares are trading lower on Monday after JPMorgan issued negative commentary on the stock and removed its price target.

With historical ties to inventor Thomas Edison, General Electric was formed through the combination of two companies in 1892. Today, GE is known for its digital industrial offerings and massive installed base spread across a variety of products and services, including aircraft engines, gas turbines, wind turbines, and medical diagnostic equipment, among others.

After the sale of GE Transportation to Wabtec and a majority of its stake in Baker Hughes, as well as the sale of GE Biopharma to Danaher, the company's focus turns to Aviation, legacy Healthcare, Power, and Renewable Energy. The company continues to embark on a multiyear turnaround under the lean manufacturing expertise of former Danaher CEO H. Lawrence Culp, who has slowly started to shift GE's culture in a positive direction.

General Electric shares were trading down 4.69% at $6.30 on Monday during the time of publication. The stock has a 52-week high of $13.26 and a 52-week low of $5.48.

Latest Ratings for GE

DateFirmActionFromTo
Oct 2020UBSMaintainsBuy
Oct 2020Goldman SachsReinstatesBuy
Jul 2020Deutsche BankMaintainsHold

View More Analyst Ratings for GE
View the Latest Analyst Ratings

 

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