Morgan Stanley Needs Better Entry Point For General Electric

In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on General Electric (NYSE: GE).

In the report, Morgan Stanley noted, “We seek to explain why GE lagged post-2Q in spite of superficially in-line earnings and framework reiteration. In our view, GE is following the right strategic path, but we need a better entry point and also improving industrial cash fundamentals.”

General Electric closed on Friday at $26.46.