Why General Electric Company's Stock Plunged 7% Today
Shares of General Electric Company (NYSE: GE) dropped as much as 6.7% in trading Monday as Wall Street analysts rushed to downgrade the stock and cast a shadow over its dividend. Shares were at their daily low at 2:40 p.m. EDT and are trading at a level not seen in four-and-a-half years.
Analysts at Morgan Stanley, UBS, and Deutsche Bank all downgraded GE's stock rating or earnings expectations today as they became uncertain about the company's dividend. New CEO John Flannery has said that he may reduce GE's dividend to retain cash for organic growth and reduce pressure on the balance sheet.
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Source: Fool.com
General Electric Co. Aktie
325,30 €
-1,41 %
Die General Electric Co. Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Obwohl das Kursziel für General Electric Co. bei 305 € liegt, was unter dem aktuellen Kurs von 325.3 € ist, zeigt sich ein Potenzial von -6.24%.
