“GE stock has skyrocketed 80% in 5 months — JPMorgan says that’s a problem”
March 7, 2023
“…”While we see an excellent business in aerospace and potential in Vernova, GE is up ~80% over the past five months vs. 13% for the S&P 500,” JPMorgan analyst Seth Siefman wrote in a client note on Tuesday ahead of a hotly anticipated March 9 GE investor day. “Our sum of the parts-based December 2023 price target therefore leaves limited upside.”…
The company is being divided into three separate companies — aviation, healthcare, and energy — in a plan unveiled late in 2021. GE Healthcare (GEHC) was spun off into a public company in January of this year. The energy business — dubbed Vernova — is slated to debut on the public market by early 2024…”
https://finance.yahoo.com/news/ge-stock-jpmorgan-says-thats-a-problem-120604299.html