J.P. Morgan, on the other hand, staunchly remains the biggest GE bear. Since warning investors of GE's stock plunge three years ago the firm has been Wall Street's sharpest critic of GE, and currently has a $5 price target. J.P. Morgan said in a recent note that it does not believe that GE's "management has set a bottom" for the performance of its businesses, adding that "GE is missing guidance on core business EBIT that was set in March.
But Societe Generale thinks Facebook's stock is headed for a sharp drop. The firm sees Facebook's recent success as just cresting "already high" expectations, saying the company must now address "a tornado of privacy, security and regulatory issues." Societe Generale sees Facebook's stock falling to $120 a share in the coming months, a 40% drop from its current price near $200.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: latimes - 🏆 11. / 82 Read more »