Big Bull Note Boosts General Electric Stock

The shares of General Electric Company (NYSE:GE) are up 1.4% before the bell, following a bull note from J.P. Morgan Securities. The analyst upgraded GE to "overweight" from "neutral" and hiked its price target to $180 from$166.This comes after the firm's aerospace unit yesterday forecast an operating profit of roughly $10 billion in 2028 and said it expects an initial dividend payout at 30% of net income. The analyst also praised the company's wind and gas power unit, Vernova, which it believes has a path ...