image: AP Photo/John Minchillo

General Electric upgraded by Oppenheimer on debt reduction plan; shares rise

June 27, 2018


General Electric is set for better performance as the company’s leadership works to break off segments of the business, Oppenheimer said in upgrading shares of the industrial conglomerate to perform from underperform.

The announced spinoff of GE’s health-care unit and the pending $11 billion merger of its transportation business with Wabtec should provide much-needed cash for executives to work with, Oppenheimer’s Christopher Glynn said in a note Tuesday.

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