Where Will General Electric Be in 10 Years?
It's probably not a good sign when Warren Buffett gives a popular stock the cold shoulder. Yet he's surprisingly done just that with digital industrial conglomerate General Electric Company (NYSE: GE). The company faces more uncertainty about its future today than it has since the Great Recession, which has slashed the stock 23% in 2017. That's an incredible reduction in valuation for a $211 billion company.
To be fair, there's a solid argument for the stock's woeful performance. Earnings have struggled in recent quarters, which has some on Wall Street worried that selling off the cash cow financial services business may have been the wrong move. Industrial offerings simply haven't met ambitious earnings targets.
The mammoth task of righting the ship now falls to new CEO John Flannery, the former head of GE Healthcare. His team is currently conducting a comprehensive review of all business segments and has promised to release a new strategy by November. Rather than wait, here are several moves that General Electric could make in the next 10 years.
Source: Fool.com
General Electric Co. Stock
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 167 € shows a slightly positive potential of 9.51% compared to the current price of 152.5 € for General Electric Co..
