Added by admin
General Electric Co Chief Executive Larry Culp on Thursday produced muted profit targets for this year. According to Reuters, Culp staked his reputation on hitting them and doing better in 2020 and beyond, igniting a rally in the stock. Culp’s detailed pep talk conference call drew praise from Wall Street analysts. His remarks reversed an earlier rout in the stock when he stressed GE was serious about its targets after years of missing profit expectations.