GE: What's behind our moat downgrade and fair value cut

GE Capital and lower revenue in the power segment drag on the firm.

Joshua Aguilar 28 June, 2018 | 5:00PM
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General Electric was once heralded as "America's most admired company." While we agree there is a lot to admire about the company, we no longer believe it merits a wide economic moat and are downgrading its moat rating to narrow. We are also lowering our fair value estimate to US$15.70 from US$19.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
General Electric Co101.93 USD-0.23Rating

About Author

Joshua Aguilar

Joshua Aguilar  Joshua Aguilar is an equity analyst for Morningstar.

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