JP Morgan Joins The Club in Looking For General Electric Dividend Cut (GE)
Posted on February 06, 2009 at 11:30 AM EST
Shares of General Electric (GE) are up slightly this morning, despite JP Morgan’s (JPM) cutting of GE’s price target. The firm is cutting GE’s estimates and price target from $13 to $9. Also, JP Morgan believes GE’s triple-A credit rating is not sustainable and the dividend will likely be cut. The company’s CEO has been somber this [...]