JPMorgan raised the firm’s price target on General Electric to $100 from $88 and keeps a Neutral rating on the shares. The analyst says GE‘s investor day was well-received due to the better than expected medium term outlook that should take out-year estimates higher. The firm also senses anticipation for GE Aerospace to be a standalone company, so investors have "another attractive, liquid franchise to own in an end market where there is no bear case right now."
Published first on TheFly
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