General Electric's Future Suddenly Looks Even Worse
Shares of General Electric Co. (GE) - Get Report were down 3.5% to $24.05 in midday trading Thursday after analysts at JPMorgan maintained their "underweight" rating and $22 price target while saying that the company's outlook is even worse than it previously thought in a note today.
The price target represents a potential 12% downside from the stock's previous closing price.
Analysts at the firm believe that the company is tight on cash, but its dividend is safe, for now.
"Based on our standing [free cash flow] estimates and estimates for outflow from investing activities, GE is already below breakeven when it comes to funding the dividend with ongoing FCF, with compounding risk if fundamentals come in worse that expectations," analyst Stephen Tusa wrote.
Here are some facts you should know about General Electric.
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