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JPMorgan analyst Stephen Tusa Jr. cut his price target on GE Wednesday and said he sees a dividend cut as "increasingly likely."...
The dividend remains a top priority.
While many view any change at GE as a positive, because apparently it was really bad for the 15 years during which many sell side Bulls were saying how good it was, we don't think appointing an activist who is stuck changes much.
On this front, the historical approach from Trian has been break ups.