Shares of General Electric Co. GE,
fell 4.3 percent in Monday afternoon trading after JP Morgan analyst Stephen Tusa withdrew his price target, saying it was now “more negative” for the industrial conglomerate by the last half of 2020. Tusa was $ 5, which was tied to the lowest of the 21 analysts surveyed by FactSet as long as he kept his rating neutral. He said the fact that management stopped calling for positive free cash flow (FCF) in the second half of the year, despite Wall Street̵
7;s expectations for a V-shaped recovery that the FCF has in “solidly positive” territory, was “an indirect way to identify the remaining winds. ” Based on a FactSet survey among analysts, the FCF is expected to improve to about negative $ 902.5 million in the third quarter and to positive $ 1.27 billion in the fourth quarter; was negative $ 2.1 billion in the second quarter. In the second quarter of a conversation with analysts, CEO Larry Culp said that the FCF will improve consistently in the second half of 2020, then become positive in 2021. “Unlike peers, GE remains Official guidelines, which in our view suggest difficulties in tracking for 3-6 months until debt maturities and options are zero, suggest that GE does not see normally until ’24. “Shares have fallen 43.3% year-on-year, while the Dowa Jones Industrial Average DJIA,
has decreased by 0.2%.