Morgan Stanley Needs Better Entry Point For General Electric
In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on General Electric (NYSE: GE).
In the report, Morgan Stanley noted, “We seek to explain why GE lagged post-2Q in spite of superficially in-line earnings and framework reiteration. In our view, GE is following the right strategic path, but we need a better entry point and also improving industrial cash fundamentals.”
General Electric closed on Friday at $26.46.
Latest Ratings for GE
|Sep 2014||Stifel Nicolaus||Initiates Coverage on||Buy|
|Aug 2014||Bernstein||Upgrades||Market Perform||Outperform|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.