Friday, April 27, 2007

GE Should Sell NBC, Money Units to Revive Stock, Citigroup Analysts Say

(Bloomberg) -- General Electric Co., the world's second-largest company, should sell units including its NBC television channel to revive the shares' performance, according to Citigroup Inc. analysts.

The company should also spin off its GE Money and real estate businesses and focus on infrastructure, a team of analysts at the largest U.S. bank wrote in a report today. The move could lift the stock by 26 percent from yesterday's closing price, to $45 a share, they said.


Read more at Bloomberg Stocks News

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