Morgan Stanley Awaits Better Entry Point For General Electric

In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on

. In the report, Morgan Stanley noted, “We sit broadly in line with consensus on the key metrics and overall see few incremental positive or negative catalysts around the quarter. With the stock trading broadly in line with both SotP (Ex 39) and with sub-10% total return vs. our $28 PT, we continue to look for a better entry point.” General Electric closed on Thursday at $26.20.