General Electric (GE) closed the most recent trading day at $13.03, moving -1.21% from the previous trading session.
Many companies fade into the sunset after making such a move, but there are some notable exceptions.
General Electric (NYSE: GE) CEO Larry Culp gave some investor presentations recently and what he said helped investors think about the investment opportunity over the long term. Indeed, Culp has referenced a figure of $7 billion as an initial target. Culp believes GE is on track to generate around $7 billion in FCF by 2023 due to a combination of revenue of $85 billion to $90 billion with a high-single-digit FCF margin.