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Deutsche Bank Said GE Industrial (GE) Worth $12, But GE Capital Concerns Keep Them On The Sidelines
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Deutsche Bank is commenting on GE (NYSE: GE) today following the free-fall in the stock. The firm said they are inclined to be much more positive since GE’s industrial businesses are clearly worth more than the current share price, but they remain on the sidelines due to lingering concerns.
The firm said, “…we value GE Industrial at $12/share and so we believe the market is factoring GE Capital at a negative valuation of as much as $60bn…
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