Goldman Sachs Expects 50% Rise in GE Shares

General Electric (NYSE: GE) has been heavily impacted by the coronavirus pandemic through several of its businesses. Shares are down 37% since the start of 2020, and its segments including aviation and energy continue to struggle.

But Joe Ritchie, and analyst at Goldman Sachs, thinks the work the company has been doing to become more efficient is paying off, and believes shares are worth $10, representing a 50% gain from Thursday's closing price.

Source Fool.com