A day after General Electric's surprise announcement of a biopharma sale to Danaher, Wall Street crowed about the embattled industrial conglomerate's $21.4 billion deal.
GE shares rose 3 percent in trading Tuesday as several analysts pointed to GE's deal as a positive for the stock.
UBS analyst Peter Lennox-King believes this new source of cash for GE, as well as the benefits, is a boon for the company.
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