Not So Fast, Wall Street Analysts!

by Edward Nebinger, Forecast International.

LEAP-1B Engine. Source: CFM International

For the past month, Wall Street analysts have been having a feeding frenzy over General Electric, driving the price lower and lower until it reaches the point where they can jump back in.  It’s like a self-fulfilling prophesy – every day they find some new fault to gripe about, set lower target prices, announce them to the world, and, amazingly, the price goes down!  Actually, it’s wearing a little thin and the price seems to be sticking at around 18 bucks a share.  Continue reading