GE’s Results Fail to Impress All as JPMorgan Says ‘Sell’
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General Electric Co.’s analysts are not joining the party yet, even after quarterly results topped estimates and the company raised its full-year outlook.
JPMorgan’s Stephen Tusa flagged weakness at the power and renewables segments and recommended selling the shares. The stock pared its pre-market gains, and was down as much as 3.2% in New York on Wednesday.