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GE shares fall as J.P. Morgan analyst downgrades, lowers PT further

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Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan's Stephen Tusa, a top-rated analyst on the stock, downgraded and ...

REUTERS: Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan's Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of US$5.

Tusa said investors are"significantly over projecting" the bounce in free cash flow and sees weakness in the company's power and renewables unit.

 

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