Why GE Shares Jumped Today
After jumping more than 6% this morning, shares in General Electric (NYSE: GE) are up 3.5% as of 12:15 p.m. EDT. A Goldman Sachs analyst sees a path for the stock to reach $10 per share, a 50% increase over Thursday's closing price.
Goldman analyst Joe Ritchie thinks the company has set itself up for success as its businesses fully recover from impacts of the COVID-19 pandemic. He believes the strategic turnaround being engineered by CEO Larry Culp will soon pay off.
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Source Fool.com
