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Actionable news in GE: GENERAL ELECTRIC COMPANY,

GE: Another Bull Bites The Dust

The stock market’s dim view of General Electric (GE) has gotten even dimmer.

The stock sank 3% to a recent $25.91 -- a level not seen in 19 months. It seems that even though the industrial giant delivered second-quarter results today that beat expectations, the guidance it issued hints at a difficult second half ahead.

CFRA analyst Jim Corridore wasted no time giving up his buy rating on GE. He downgraded the stock to a Hold and cut his price target by $9 to $27 a share. Corridore also cut his 2018 earnings...


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