General Electric Company has undergone significant transformation resulting in transformation, from an iconic conglomerate to three distinct entities. By clinifying a Power Services Contract in Oman and spin-off GE Vernova and GE Aerospace, the drastic restructuring indicates the company's strategy for revenue diversification. The company's share price upgraded significantly after JPMorgan Chase set their price target to $175.00. After splitting into three public companies, GE Aerospace emerged as an independent, investment-grade entity. The company's stocks showed an upward trajectory, being favoured by numerous institutional owners. The company also highlighted its plans for the future, such as filing Form 10 registration statement for a GE Vernova planned spin-off, and clinching IFEP Contract in Singapore. The company’s performance in the stock market shows a positive outlook, given it has almost doubled since last year and institutional ownership continues to grow, indicating high investor confidence.
General Electric Company GE News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 00:59:57 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 6
