Argus analyst John Eade raised the firm’s price target on General Electric to $90 from $85 and keeps a Buy rating on the shares. The company’s restructuring plan under CEO Lawrence Culp to split the conglomerate into three units should lead to better cash flow, higher earnings, and higher multiples, he analyst tells investors in a research note. Despite the high inflation, global economic troubles and the pandemic, GE is making progress, Argus adds.
Published first on TheFly
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