Morgan Stanley reinstates coverage on GE

|About: General Electric Company (GE)|By:, SA News Editor

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

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