Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).
The call: GE may not be so fundamentally beat up for much longer.
“We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.
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