General Electric (GE) PT Lowered to $120 at Morgan Stanley on Delayed Opportunity

February 1, 2022 7:02 AM EST
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Price: $88.14 +0.31%

Rating Summary:
    15 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

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    Up: 0 | Down: 5 | New: 0
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Morgan Stanley analyst Joshua Pokrzywinski lowered the price target on General Electric (NYSE: GE) to $120.00 (from $125.00) while maintaining a Overweight rating.

The analyst stated "We understand why investors are skeptical, but also see GE as solid risk/reward on a commercial aerospace recovery with one of the best placed assets. Our $120 PT (down from $125 mostly on mark to market valuation and earnings potential that was pushed to the right, but is likely conservative) represents 15x 2023 EBITDA on Aviation and Healthcare, which is a 0.5x discount to the EE/MI NTM average."

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