GE Gets New Bull After Outperforming Market Year-To-Date

JPMorgan says General Electric has proven itself as the premier large-cap name in commercial aerospace in terms of where it stands in the business cycle, its balance sheet and management team. The analysts raise GE’s rating to overweight from neutral noting that the stock has already outperformed the broader market by 22% year-to-date. “Valuation is an obstacle for the stock but it is the only obstacle for us right now and instead of trying to time the market, we are overweight on the stock,” the analysts say.

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