“GE Earnings Were Very, Very Good. What Wall Street Says About Its Stock Now.”
July 30, 2021
“…The company posted better-than-expected earnings results on Tuesday, but Wall Street appears more excited about the industrial conglomerate’s improving cash flow.
In addition to beating estimates, GE (ticker: GE) raised its full-year free-cash-flow guidance for its industrial operations to a midpoint of $4.3 billion, $800 million higher than the previous midpoint. It was a solid, drama-free earnings print.
“GE’s ‘north star’ continues to be improving [free cash flow],” wrote RBC analyst Deane Dray in a note published Tuesday. He remains bullish on the stock. “The turnaround story and bull case both remain on track.” Dray rates shares Buy and has a $16 price target for the stock…”
https://www.barrons.com/articles/general-electric-stock-earnings-cash-flow-51627489346?siteid=yhoof2