GE: Jefferies still on hold, maintains TP
(CercleFinance.com) - The analyst believes that Chinese equipment manufacturers are continuing to win market share in the global wind turbine market.
Jefferies therefore confirms its Hold rating on the GE stock with a target price of 80 dollars.
In short, the broker believes that the potential for increased competition from Chinese OEMs represents a long-term risk to GE Renewables' profitability targets.
Copyright (c) 2022 CercleFinance.com. All rights reserved.