Tag Archives: larry culp

Stocks for popular American auto manufacturer, General Electric (GE) has jumped in response to a bullish rating. In a note to investors, UBS financial services company analyst Markus Mittermaier promoted GE stock from a Hold to Buy rating, also increasing his target estimate by about 26% from $11.50 to $14. In response, on Wednesday, GE stock climbed by about 1% as Mittermaier said in the note that he believes “the stock is at a positive inflection point into 2020.”So far in 2019, GE has...

American multinational conglomerate General Electric has brought new hope for its investors after its announced strong Q3 results. GE has been struggling over the past three years witnessing a major slowdown in its output. In the last three years, the GE stock price has been on a constant downfall and corrected over 66%.However, under the recent leadership of Larry Culp, the multinational giant looks poised for a solid resurgence. After the company announced its Q3 earnings on Wednesday, GE’s...