Why General Electric Company Should Sell Its Healthcare Business
General Electric Company (NYSE: GE) CEO John Flannery has a job to do if he wants to restore investors' confidence in the blue chip industrial stock in 2017. Previous CEO Jeff Immelt's last earnings call saw management lower earnings and cash flow expectations to the low end of guidance ranges, and Flannery needs to start his tenure by setting a positive tone.
One way he could do so is by selling or spinning off GE Healthcare. Here's why.
Image source: Getty Images
Source: Fool.com
General Electric Co. Stock
€152.50
0.330%
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..
