Shares of
General Electric
hit a new intraday high Monday after an analyst who had been the company’s biggest bear dropped his coverage.
J.P. Morgan
analyst Stephen Tusa, whose $50 price target on the stock was the lowest among analysts by a wide margin, will no longer cover the shares (ticker: GE). As the American industrial conglomerate breaks itself up, coverage at J.P. Morgan has fallen jointly to aerospace analyst Seth Seifman and alternative energy analyst Mark Strouse.
Source: https://www.barrons.com/articles/ge-stock-price-jpmorgan-analyst-rating-bbbbf888?siteid=yhoof2&yptr=yahoo
GE Stock Hits a New High After an Old Bear Went Into Hibernation
Shares of
General Electric
hit a new intraday high Monday after an analyst who had been the company’s biggest bear dropped his coverage.
J.P. Morgan
analyst Stephen Tusa, whose $50 price target on the stock was the lowest among analysts by a wide margin, will no longer cover the shares (ticker: GE). As the American industrial conglomerate breaks itself up, coverage at J.P. Morgan has fallen jointly to aerospace analyst Seth Seifman and alternative energy analyst Mark Strouse.
Source: https://www.barrons.com/articles/ge-stock-price-jpmorgan-analyst-rating-bbbbf888?siteid=yhoof2&yptr=yahoo