Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13.
Pokrzywinski noted that there's "a lot of room to grow in Aviation," which is typically the company's most profitable business. That unit has dragged down the Boston-based conglomerate during the pandemic as global travel came to a standstill, hammering demand for GE-manufactured jet engines. The analyst predicted that demand for GE repairs to jet engines could return to 2019 levels in 2023. He added that he's optimistic that these repairs have been "delayed rather than deferred and support continued growth beyond 2023."
Pokrzywinski said he sees the event as a "catalyst" that could set the company up for a "multi-year path to above consensus" free cash flow, which is closely watched by investors as a sign of the company's operational and ability to pay down debt.Last month, Culp told an audience at the Barclays event that the company expects to burn cash in the first quarter of 2021.
Members of Congress warn against dealing in cryptocurrencies and bitcoin because it is unknown and has no guarantees, and there are frauds that have occurred.
GE makes decent products, but how, is there stock, so worthless. How is their stock worth far less than fricking junk af GameStop with cashiers who can’t even break a 100
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