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Benzinga
Benzinga
Business
Priya Nigam

General Electric Q1 Print Shows Strong Orders, But One Issue Continues

GE General Electric Andrew Obin BofA Securities General Electric Company NYSE Supply chain Healthcare

General Electric Company (NYSE:GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities.

The General Electric Analyst: Andrew Obin maintained a Buy rating on General Electric, while keeping the price target unchanged at $132.

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