• GE's big shake-up won't actually do what it's intended to do, JPMorgan says

    7 monthes ago - By Business Insider

    General Electric 's reorganization is intended to ease its debt burden.
    The reorganization won't accomplish what management thinks it will, JPMorgan analyst Stephen Tusa wrote in a note out to clients.
    Tusa's pessimism is in contrast to what some on Wall Street believe.
    Oppenheimer upgraded the stock on Tuesday.
    Watch GE trade in real time here.
    Wall Street is loving General Electric 's big plan to shake up its entire corporate structure .
    Shares have gained more than 11% since Tuesday, when the company announced plans to spin off its healthcare business and sell its majority stake in oil...
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