General Electric has already sold off a baker's dozen of units, including the plastics unit where two of its former chief executives once worked. And it is in the process of selling its appliances business, one of its oldest units and the birthplace of a slew of everyday household items.
But that apparently isn't enough for Stephen Tusa, a JPMorgan Chase analyst. Mr. Tusa downgraded the stock to "neutral" from "overweight," saying the company needs to sell off even more operations to restore investor confidence.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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