General Electric is literally going down the drain, sinks up to 10% today

General Electric (GE), the 125-year-old manufacturing veteran, lost as much as $6 billion in market valuation on Friday during intra-day trading, after a key analyst slashed its price target from $10 to $6. The revised price target by JPMorgan analyst Stephen Tusa is at a massive 29% downside from the current trading price. Tusa’s price … Continue reading General Electric is literally going down the drain, sinks up to 10% today