‘A Statement of Confidence’: General Electric Analysts React to Breakup Plans

‘A Statement of Confidence’: General Electric Analysts React to Breakup Plans
The logo of General Electric is shown at their subsidiary company GE Aviation in Santa Ana, Calif., on April 13, 2016. Mike Blake/File Photo/Reuters
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General Electric Company shares pulled back 1 percent on Wednesday after rallying on Tuesday following news the company is planning to break into three different entities.

GE announced it will divide into three different companies focusing on aviation, health care and energy. GE is hoping the split will allow the company to unlock value for investors after shares have lagged the market for more than 20 years.