General Electric assumed with a Neutral at JPMorgan

JPMorgan assumed coverage of General Electric with a Neutral rating and $88 price target. During its transformation, GE has reduced debt and other liabilities substantially and while there is still work to do, the outlook is easier to understand, the analyst tells investors in a research note. The firm sees an "excellent business" in Aerospace and potential in Vernova, but notes the stock is up 80% over the past five months, leaving limited upside.