2020-11-24 07:30:09 GE GE Aerospace
11/24/20 11/2407:30 11/24/2007:30 | Oppenheimer upgrades GE to Outperform, sees Culp's turnaround gaining tractionOppenheimer analyst Christopher Glynn upgraded General Electric to Outperform from Perform with a $12 price target, telling investors that GE has "clearly set a positive direction" with diligent and better-focused restructuring and cultural accountability taking hold. While GE "continues to emphasize a long game of inches," Glynn believes the pace of improvements is picking up as CEO Larry Culp's turnaround is gaining traction, the analyst tells investors. While free cash flow continues to lag P&L improvements, he sees potential for a "solid swing to potential '21-22 FCF upside," Glynn added. |
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