November 9, 2018 / 4:31 PM / in 8 days

GE says liquidity is "sound" after analyst cuts target, stock falls

NEW YORK, Nov 9 (Reuters) - General Electric Co said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.

“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet through accelerated deleveraging and position our businesses for success.” (Reporting by Alwyn Scott)

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