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CNN- Merill Lynch downgrades GE to "neutral"

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 08:43 AM
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CNN- Merill Lynch downgrades GE to "neutral"
General Electric (GE Quote - Cramer on GE - Stock Picks) downgraded at Merrill from Buy to Neutral. $28 price target. Estimates also cut to reflect lower financial services earnings.
http://www.thestreet.com/story/10438831/1/analysts-upgrades-downgrades-ge.html?puc=googlefi&cm_ven=GOOGLEFI&cm_cat=FREE&cm_ite=NA
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 08:54 AM
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1. and Merill Lynch has credibility because?
:shrug:

These captains of industry no longer have the credibility to run a lemonade stand, IMO.
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 09:24 AM
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2. GE held too much of their paper
"I'm sorry we had to downgrade you; you have too much of your money in our investments."
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:41 AM
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3. interesting
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