GE says liquidity is ‘sound’ after analyst cuts target, stock falls

09 Nov, 2018

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NEW YORK (Reuters) – General Electric Co (GE.N) said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.

“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet through accelerated deleveraging and position our businesses for success.”

Reporting by Alwyn Scott

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