GE shares tumble as J.P. Morgan analyst downgrades, cuts PT further

- Shares of General Electric Co fell more than 7 percent on Monday after J.P. Morgan’s Stephen Tusa, a top-rated analyst, downgraded the stock and further cut his price target to a Street-low of $5.

“Investors are underestimating severity of challenges and underlying risks at GE and overestimating value of small positives,” Tusa wrote in a note. GE could lose as much as $2 billion in cash from its industrial businesses in 2019, Chief Executive Officer Larry Culp said in March, setting conservative profit targets for the year.

Something to worry about? I've always said when GE is in trouble we're all in trouble.

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