UBS upgrades GE to buy after market selloff: ‘Larry Culp is key’

YASUYOSHI CHIBA | AFP | Getty Images

Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil.

UBS bumped its rating of General Electric shares to buy from neutral on Wednesday, saying the battered stock is primed for a turnaround with CEO Larry Culp at the helm.

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