Morgan Stanley analyst Joshua Pokrzywinski raised the firm’s price target on General Electric to $122 from $110 and keeps an Overweight rating on the shares after what the firm calls “another sizeable beat and raise” report. As others in the sector grapple with waning pricing power and lower book to bill, GE‘s portfolio “continues to look promising” and the firm views the risk/reward as “attractive in a mixed macro environment,” the analyst tells investors.
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