GE Holders Await Turnaround Progress Report After Furious Rally
- Aviation unit is central to post-pandemic recovery plans
- Shares far outstrip the broad market benchmarks in 2021
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Expectations are running high for General Electric Co.’s outlook call on Wednesday, as investors get ready for updates on how the industrial manufacturer’s turnaround is progressing.
The company kicked off 2021 on the right note, reporting strong fourth-quarter results in January that helped to slowly shore up investor confidence in the turnaround effort engineered by Chief Executive Officer Larry Culp. GE shares have been trading above the average analysts’ price target since mid-February, the longest such spell since mid-December.