JPMorgan Upgrades General Electric (GE) to Neutral Citing Balanced Risk/Reward

JPMorgan analyst Stephen Tusa upgraded General Electric (NYSE: GE) from Underweight to Neutral with a price target of $6.00.

The analyst is less negative and "known unknows" abate.

He comments "...we are increasingly assuming a material equity raise could be necessary, and, in this instance, while we think there would be near-term downside, we also think there could be support at a lower level, and likely a benefit of the doubt for new management with a higher multiple on lower earnings and FCF."

For an analyst ratings summary and ratings history on General Electric click here. For more ratings news on General Electric click here.

Shares of General Electric closed at $6.71 yesterday.

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