We don't think so, and we're still confident in CEO Larry Culp.
Despite the risks posed by the 737 MAX groundings, GE maintained its long-term industrial free cash flow outlook in the quarter.
We're still evaluating the deal, but we don't expect a change to GE's fair value estimate.
We expect new CEO Culp will successfully lead a multiyear turnaround.
GE Healthcare's size would rank as one of the world's largest for a public healthcare company, but we're not making any changes to our fair value estimate on the news.
We are maintaining our fair value estimate as well as our very high uncertainty rating as the narrow-moat firm creates a new digital entity.