General Electric (GE) is in the midst of a restructuring process, with a focus on reducing its debt load and pivoting the company toward a leaner and simpler business model. The industrial giant recently provided investors with an update on its outlook and GE skeptic J.P. Morgan’s Stephen Tusa has been sifting through the details. “The update seemed cautionary on Q3, though with a reaffirmed 2021 financial outlook and ‘confidence in (their) long term growth prospects’”, the 5-star analyst said.
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General Electric (NYSE:GE)
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