GE says liquidity is 'sound' after analyst cuts target, stock falls

NEW YORK (Reuters) - General Electric Co (GE.N) said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.

“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet through accelerated deleveraging and position our businesses for success.”

Reporting by Alwyn Scott

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks reach new highs on metal price gain

Rise in gold stocks propels TSXV Mining

Market sees gold sector nearing full value overall after target upgrades

Gold stocks gain even as metal pulls back

Gold stocks rocket to new highs, valuations no longer inexpensive