The logo of General Electric is pictured at the company's site of its energy branch in Belfort, France, February 5, 2019.
Vincent Kessler | Reuters
(This story is for CNBC Pro subscribers only).
Industrial giant GE's decision to issue more debt it is a sign that more bad news is on the horizon, according to JPMorgan analyst Stephen Tusa.
GE announced on Monday that it was issuing $6 billion in new debt as part of a financial restructuring process, and Tusa lowered his price target on the stock and told clients in a note that it was "the most expensive value trap we've seen."
"expensive" - Google News
April 14, 2020 at 08:04PM
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GE is 'the most expensive value trap we have ever seen,' says top analyst Tusa - CNBC
"expensive" - Google News
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