GE (GE) Downgraded at Morgan Stanley as Risk/Reward Looks Less Attractive

Shares of General Electric (NYSE: GE) are down more than 1 percent in Monday's pre-open trading session as a Morgan Stanley downgrade is weighing this morning. The firm now rates the stock an Equalweight, down from Overweight previously.

Morgan Stanley said the lowered investment recommendation is based on a "more balanced" risk/reward, not the company's upcoming second-quarter results on this Friday, July 20th. Although General Electric shares down 5 percent so far in July, the stock is up more than 8 percent since the near-term low set at the beginning of June.

The firm warned equipment orders could be lower amid "tough comps in Energy and Aviation, while negative mix in the same two businesses likely continues to put downward pressure..." on GE's Industrial segment. Morgan Stanley also voiced concern related to rising delinquencies in the EU affecting GE's Financial operations.

Shares of GE last traded at $19.55.

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of General Electric.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• GE Aerospace (GE) PT Raised to $180 at BofA Securities
• UBS Downgrades Hino Motors Ltd. (7205:JP) (HINOY) to Neutral
• Active options: BAC GE SOFI AMC COIN UPS SPOT AFRM CLF