GE stock could fall more than 30% as recent rally based on ‘nothing,’ analyst says
January 24, 2019 at 14:39 PM EST
Shares of General Electric have outperformed their industrial peers and the broader stock market by a wide margin this year, but J.P. Morgan analyst Stephen Tusa cautioned investors into reading too much into the bounce, which he said has based on “hope” rather than any real news.