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Stock impact report

Analyst betting on GE CEO Larry Culp: 'This is a dark day,' but stock 'will come back' [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
show chapters General Electric may be beaten down for a while, but it is bound to turn around, analyst Brian Langenberg told CNBC on Monday. Langenberg said he believes in new CEO Larry Culp, whom he met when Culp was in his mid-30s. Culp, now 55, replaced John Flannery as chairman and CEO on Oct. 1. It isn't going to be fixed today, it's not going to be fixed tomorrow, and it isn't going to be fixed next year, the principal at Langenberg & Company said on Closing Bell . But you believe in this guy because he will get it done. He's been there, done that. Shares of the industrial conglomerate closed down 6.88 percent on Monday, after Culp said he feels the urgency to reduce the company's leverage and will do so through asset sales. His comments, on Squawk on the Street , initially sent the stock below $8 a share for the first time since March 2009. Langenberg said institutional investors want to keep their jobs and therefore don't want to Show less Read more
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