(Bloomberg) — General Electric Co. is gaining some favor over its top skeptic in Wall Street, who cited a better-than-expected performance last year.JPMorgan’s Stephen Tusa upgraded the shares to neutral from a sell-equivalent rating, citing 2019’s free cash flow that topped his predictions as well as an improved outlook for 2020. The analyst has held an underweight stance on the stock since April.“We were wrong,” Tusa said, noting that GE shares have outperformed the sector by 11% since that call.GE is big enough that it has many options to boost near-term cash in a given period even as there are …read more
Source:: Yahoo Finance
