General Electric is soaring after JPMorgan upgrades it for the first time in 2.5 years (GE)

pulse

December 13, 2018 3:22 PM

General Electric surged as much as 12.7% to $7.52 a share before Thursday's opening bell after JPMorgan gave a rare upgrade on the stock's rating.

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JPMorgan analyst Stephen Tusa, a long-term bear on
Tusa noted the iconic industrial giant now has a more “balanced risk reward at current levels.”
On Thursday, GE said its digital unit would

General Electric surged as much as Thursday's opening bell — on its way to making the biggest intraday soar in more than five years — after JPMorgan gave a rare upgrade on the stock's rating.

GE slashes its dividend to a penny, says the SEC and the DOJ are investigating its power-business charge
General Electric's new CEO should 'put a floor in the stock,' RBC says

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