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GE could jump 20% amid strong cash flow and power-business momentum, Goldman Sachs says
14 days ago - By Business Insider
Larry Culp, CEO of General Electric.
Boston Globe/Getty Images
Goldman Sachs analysts sat down with GE executives on Friday to discuss the company's operations and financials.
The analysts came away "encouraged" by free cash flow and power business momentum at the company.
GE notched a surprise FCF windfall in its most recent earnings release, posting $4.37 billion in industrial FCF vs. an expected $2.5 billion.
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General Electric could jump roughly 20% to $15 per share amid strong free cash flow and power-business...
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