The day’s most interesting financial news

22 days ago • Posted by William Ramstein

GE gets some love with BoA price target increase from $13 to $14

BoA Analyst Andrew Obin said investors don’t seem to fully appreciate GE’s multi-year effort to reduce factoring, which was a $3.2 billion outflow in 2020. That process is now coming to an end and Obin said investors can expect working capital levels to begin to normalize. Obin says GE has plenty of financial flexibility in the near-term, and could actually benefit from rising interest rates. Rising rates would help reduce GE’s $25.5 billion in pension liabilities and GE Capital’s $21.3 billion in long-term care liabilities. Source: Bloomberg

#Stocks
bg-livewire