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

Chris Bergenheim

11/09/2018

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…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.