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Morgan Stanley Needs Better Entry Point For General Electric

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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

DateFirmActionFromTo
May 2016JP MorganInitiates Coverage onUnderweight
Apr 2016BernsteinDowngradesOutperformMarket Perform
Jan 2016CitigroupInitiates Coverage onBuy

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Reiteration Analyst Ratings

 

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