JPMorgan analyst Stephen Tusa raised the firm’s price target on General Electric to $50 from $45.50 and keeps a Neutral rating on the shares post the Q4 results. The shares continue to discount a "material inflection" in underlying cash earnings that is "tough to bank after a closer look at the quarter’s results and guidance," the analyst tells investors in a research note. The firm believes the narrative "is premature in the context of a base year that has yet to reset."
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Published first on TheFly
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