GE tumbles back toward 2009 bear-market low on JPMorgan warning

GENERAL ELECTRIC's stock fell toward its recession-era low and the company’s bonds fell sharply after an influential analyst at JP Morgan slashed his price target price. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
GENERAL ELECTRIC's stock fell toward its recession-era low and the company’s bonds fell sharply after an influential analyst at JP Morgan slashed his price target price. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
NEW YORK - General Electric Co. plunged toward its recession-era low and the company’s bonds fell sharply after an influential analyst slashed his price target. JPMorgan Chase & Co. analyst Steve Tusa cut his view on the shares 40 percent to $6, the lowest on Wall Street, citing rising liabilities, a weakening cash-flow outlook and…
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