Morgan Stanley reinstated coverage on General Electric (NYSE:GE) with a recommendation of Equal Weight, and PT of $10, implying 14% upside from yesterday's close.
The stock's valuation "appears reasonable," but comes with "unfavorable catalyst timing" and unresolved risks outside the core business, like long-term care, analyst Joshua Pokrzywinski wrote in a note.
GE +1.7% premarket
Now read: GE: Markopolos In Perspective »
Subscribe for full text news in your inbox