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GE responds to JP Morgan price cut as shares plummet: We have 'a sound liquidity position'

Michael Sheetz

J. P. Morgan lowered its price target on GE to $6 a share on Friday. "GE is a fundamentally strong company with a sound liquidity position," the company said in a statement. Tusa's analysis of GE's balance sheet is "overblown," a company person with deep knowledge of its financial situation told CNBC's Morgan Brennan.