GE shares fall as profit slumps, investors await new CEO's targets
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General Electric (GE) PT Lowered to $31 at UBS; Reiterates Buy
July 25, 2017 8:22 AM EDTUBS lowered its price target on General Electric (NYSE: GE) to $31.00 (from $35.00) while maintaining a Buy rating following the company's 2Q. 2Q17 EPS of $0.28 beat the consensus estimate of $0.25. Organic growth slowed to 2% in 2Q, as did organic orders, +5% in 2Q vs. +7% in 1Q.... More
