JPMorgan calls GE 'dead money' near-term, downgrades shares

theflyonthewall.com

JPMorgan downgraded shares of General Electric to Neutral from Overweight following the company's Q1 results on Friday and lowered its price target for shares to $22 from $24. The firm sees above-average risks in the second half of 2012 due to lower Industrial growth and views the stock as "dead money" over the near-term.

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