earlier this month. J.P. Morgan lowered its rating on GE to underweight, with a $5 a share price target. Tusa's warning in that report was that "many investors are underestimating the severity of the challenges and underlying risks at GE," he said., Tusa remained cautious in his reaction.
"While segment performance was mixed ... nothing stands out to nit-pick except for the gains," Tusa said. "Better than we had expected in historically a seasonally weak period, with a modest profit beat ... and [free cash flow] and orders better ... but no change to the guidance."Credit Suisse's John Walsh – Neutral rating, $11 price target
"Industrial orders and sales better than expected with the segments in line excluding a beat in Power. We will listen for the sustainability of Power performance on the call. We do not see any sensitivity around the new 737MAX risk call out. At first cut, Industrial FCF appears in line with full year guidance.""Outperform-rated GE started its 2019 "reset year" with nice momentum, achieving better-than-expected 1Q19 adjusted free cash flow of -$1.2 billion vs.
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