(Bloomberg) -- General Electric Co. bonds fell during trading today as negative headlines struck the company’s most active notes.
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GE’s 4.418 percent notes due 2035 traded 17 basis points wider at 10:22 a.m. in New York. Two analysts sounded alarms about the company’s liquidity and a Wall Street Journal report said former GE employees claim the company’s insurance business has failed to internally acknowledge slumping results over the years.
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The company’s shares plunged this morning. Deutsche Bank analyst Nicole DeBlase cut her price target on the stock to $7.00 from $11.00, compared with an average of $11.38, according to data compiled by Bloomberg.
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