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GE Upgraded to Neutral

JP Morgan analyst Steve Tusa has upgraded GE to neutral with a price target of $6 a share. He believes most of the bad has been priced in and thinks the company can limit the downside in the near term. Keep in mind that it was Tusa who first detected trouble at GE back in 2016, so maybe, just maybe, the worst might be over for GE. If Larry Culp can execute an equity raise this stock is definitely a buy.

I bought GE at $7.39 a share. A small and purely speculative trade since the stock can drop below $6.00 in the near term.

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