GE’s $87 Billion Share Price Windfall Threatens Spinoff Gains
- Split of aerospace, energy arms comes after health spinoff
- Investing upside has been ‘baked in’ after 88% rally: analyst
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General Electric Co. shares have powered to a more than six-year high, adding some $87 billion in value on bets that the company’s second and final spinoff will deliver a boon for investors. But, further gains may be tough to find.
The stock’s more than 85% surge in the past year comes as Chief Executive Officer Larry Culp navigates the challenge of breaking up the industrial giant and reignites investor enthusiasm. With shares nearing Wall Street’s 12-month consensus target, the trade however is getting crowded.