JPMorgan has upgraded General Electric (GE) to overweight from neutral, signaling confidence in the conglomerate's recent performance and future prospects. The bank also raised its price target for GE to $180 from $166, indicating a potential upside of 13%. This upgrade comes after GE's stock outperformed the market by 22% YTD, establishing it as a leading large-cap name in the Commercial Aerospace sector. The company's fundamental strength is cited as a key factor for this optimistic outlook. Additionally, GE has seen a significant run, increasing by 66% since October 2023. However, a recent technical analysis suggests a potential near-term top for the stock.
#GeneralElectric puts in a daily topping tail after running 66% since October 2023. Per #TechnicalAnalysis this increases the probability of a near-term top in the stock. $GE https://t.co/PVZne1ysGg
Cramer's Lightning Round: GE HealthCare can go higher https://t.co/ORdeQBtDfg
General Electric Is Powering Ahead https://t.co/lyg2IWVOps
For a dinosaur, $GE is doing pretty well. https://t.co/i9FEgU6Xzy
GE Stock Is Finally a Buy for J.P. Morgan After More Than a Decade https://t.co/kmdch2sQ46
JPMORGAN: ".. Upgrading $GE to [overweight] after it has out performed the market by 22% YTD is unlikely to be a career call, but what’s past is past .. it is clear that GE is the premier large cap name in Comm’l Aero .. the company’s fundamental strength wins out .." Ups to…
$GE JPMorgan upgrades GE to overweight General Electric has been on a roll recently, and JPMorgan expects the outperformance to continue. The bank upgraded the conglomerate to overweight from neutral. It also hiked its price target to $180 from $166, implying upside of 13%.…