JP Morgan Said General Electric (GE) Triple-A Rating Not Sustainable And Dividend Will Likely Be Cut

February 6, 2009 by Douglas A. McIntyre

JP Morgan commented on General Electric (NYSE: GE), saying the triple-A credit rating is not sustainable and the dividend will likely be cut. The firm also cut their estimates and price target from $13 to $9.

The firm said fundamental pressures continues to mount on GE’s earnings stream, especially at GE Capital.

Read more…