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BHGE - General Electric: Buying Opportunity After Last Week's Massacre
Baker Hughes a GE company Class A
General Electric (GE) share price has dropped off again lately on the back of a negative rating action from an investment bank. I think the drop is another buying opportunity, as investors have turned too bearish on the industrial company too quickly. General Electric released its 2019 outlook a month ago, which points to a cash flow stabilization in 2020/21. Combined with significant capital measures, a free cash flow improvement could drive a major multi re-rating for General Electric stock going forward.
What Happened?
General Electric received a major stock downgrade from investment