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Stock impact report

The end of the GE 'apocalypse' is here, analyst says [CNBC]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: CNBC
The end of the GE 'apocalypse' is here, analyst says Akos Stiller | Bloomberg | Getty Images An employee unwraps turbine components inside the General Electric power plant in Veresegyhaz, Hungary. "We increasingly believe GE's risk profile is likely to significantly improve … over the next few months," William Blair analyst Nicholas Heymann said in a note to investors. GE's biggest risks include its financial leverage and struggling power and gas business, as well as ongoing Justice Department and SEC investigations into GE's accounting practices. Heymann said the removal of those "uncertainties" in the coming months will provide relief. "We believe investors' perception of GE is likely in the near term to undergo a potentially accelerated three-part transformation" of reduced risk, lowered debt and a turnaround for the power business, Heymann said. GE shares were down 0.2 percent in Monday trading from Friday's close of $8.94 a share. William Blair has an outperform rating on GE's st Show less Read more
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