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Non-Tech : General Electric (GE)
GE 307.27+0.7%Nov 7 9:30 AM EST
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From: JakeStraw12/13/2018 7:57:36 AM
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Lance Bredvold

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Longtime bearish analyst Stephen Tusa of J.P. Morgan upgraded shares of General Electric to neutral from underweight on Thursday and removed the stock from the firm's short idea list, saying the embattled industrial giant now has a more "balanced risk reward at current levels."

"Key to the story, in our view, is the outcome of 'known unknowns' in near term, which are better understood and around which debate is more balanced, as opposed to being overlooked by most bulls in the past," Tusa wrote in a note Thursday.

"We now believe a more negative outcome one these liabilities (equity dilution is one) is at least partially discounted, and it's possible the company can execute its way through an elongated workout that limits near-term downside," Tusa added.
cnbc.com
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