GE's stock pulls a U-turn into negative territory, CFRA downgrades [MarketWatch]
General Electric Company (GE)
Last general electric company earnings: 4/30 04:02 pm
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Source: MarketWatch
Shares of General Electric Co. fell 2.3% in afternoon trading Thursday, a reversal from earlier gains as of as much as 3.3%. Earlier, GE's stock had rallied after the industrial conglomerate warned that first-quarter adjusted earnings per share was expected be "materially below" previously provided expectations, given the negative effects of the COVID-19 pandemic, but said the widely watched free cash flow will be "near" prior estimates. GE is scheduled to report first-quarter results on April 29. CFRA analyst Colin Scarola followed by downgrading GE to hold from buy, and by halving his stock price target to $7 from $14. "Previously, we thought GE's long-term earning power would increase with deleveraging, but we now see significant risk that Biopharma sale proceeds earmarked for debt reduction will be diverted to backstop large operating losses in Aviation, Power, and Renewable instead," Scarola wrote in a note to clients. "Despite the cash burn we expect in 2020, our lower rating is
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GE
Earnings
- 10/22/25 - Beat
GE
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- GE's page on the SEC website