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0.00184198315499382 -0.000267157862174667 0.00465417117788497 0.00395112417216218 0.00465417117788497 0.00676331219505333 0.00395112417216218 -0.00167325187362024
Stock impact report

General Electric Will Need More Capital to Stay Competitive, Analyst Says [TheStreet.com]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: TheStreet.com
General Electric(GEGet ReportWhile GE is not facing a near-term liquidity crunch, the combination of a cratering in demand for new jets by the airline industry, with the company's own rising pension obligations, means a "potential equity capital raise by GE is back on the table," noted John Inch, an analyst at Gordon Haskett.The capital raise, in turn, could be crucial in protecting GE's ability over the longer-term "to tap sufficient funds to properly invest in its operations" and to pay down "more debt/rapidly rising long-term liabilities," Inch wrote.The Gordon Haskett analyst has put a hold rating on GE's shares, with a price target of $11 a share, or more than 60% premium over its current trading price.Shares of GE rose 4.49% to $7.03 a share on Monday as the markets rallied to kick off the week.The airline industry has been one of the hardest hit by the pandemic, with jets "steadily being parked/coming off-line and capacity rapidly coming out of the system," noted the Gordon Has Show less Read more
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