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