GE says liquidity is 'sound' after analyst cuts target, stock falls
NEW YORK (Reuters) – General Electric Co (GE.N) said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.
“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet through accelerated deleveraging and position our businesses for success.”
Source: Read Full Article